OG 2016 Tracker >>> OG2016 Problem Solving Video Solutions (OG Practice)



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OG2016 PS Practice #109.
The total cost for Company X to produce a batch of tools is $10,000 plus $3 per tool. Each tool sells for $8. The gross profit earned from producing and selling these tools is the total income from sales minus the total production cost. If a batch of 20,000 tools is produced and sold, then Company X's gross profit per tool is
$3.00
$3.75
$4.50
$5.00
$5.50
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