Ray Company received a shipment of 25 cartons of stereos. In each carton were five stereos. Each stereo sells for $80 and has a $30 cost to Ray. Assuming Ray sells all the stereos, what would the company's profit be?

A. $2,560 B. $560 C. $6,250 D. $625

Profit is considered as the gain amount from any business activity. Whenever a shopkeeper sells a product, his motive is to gain some benefit from the buyer in the name of profit.

Here, Ray have 25 cartons with 5 stereos per carton

So total Ray have, 25 X5 = 125 stereos

profit on one stereo = 80 - 30 = $50

Total profit on 125 stereos = 125*50= $ 6250

Thus, after selling all the stereos, the company's profit will be $ 6250.

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Ray Company received a shipment of 25 cartons of stereos. In each carton were five stereos. Each stereo sells for $80 and has a $30 cost to Ray. Assuming Ray sells all the stereos, what would the company's profit be? A. $2,560 B. $560 C. $6,250 D. $625​

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Ray Company received a shipment of 25 cartons of stereos. In each carton were five stereos. Each stereo sells for $80 and has a $30 cost to Ray. Assuming Ray sells all the stereos, what would the company's profit be?

A. $2,560 B. $560 C. $6,250 D. $625