A ceramic artist sells ceramic coffee mugs for 25 each The o

A ceramic artist sells ceramic coffee mugs for $25 each. The owner manes are of $20 for each coffee mug she sells. Calculate the total cost, the ceramic artist mugs born mating and selling 100 coffee mugs? $200 $250 $475 $480 $500

Solution

Selling Price S.P = $ 25

Profits = $ 20

Cost of each cofee mug

Profit = S.P - C.P

C.P = 25- 20

= $ 5

The total cost the ceramic artist incurs from making and selling 100 cofee mug

= 100 * 5

= $ 500