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    Question

    Calculate the total units sold for each product over the

    six months. Based on this data, determine the total cost price and total selling price for each product. What is the overall profit or loss for the store? Direction: A retail store sells three types of products: Electronics, Clothing, and Furniture. The following table summarizes the sales data for each product over a six-month period, including the number of units sold, the cost price (CP), and the selling price (SP).
    A Total Profit тВ╣1,200,000 Correct Answer Incorrect Answer
    B Total Loss тВ╣1284,000 Correct Answer Incorrect Answer
    C Total Profit тВ╣1,500,000 Correct Answer Incorrect Answer
    D Total Profit тВ╣800,000 Correct Answer Incorrect Answer
    E Total Profit тВ╣1,664,000 Correct Answer Incorrect Answer

    Solution

    Total Units Sold: Electronics = 200 + 220 + 180 + 240 + 260 + 300 = 1,400 Clothing = 150 + 170 + 160 + 190 + 200 + 250 = 1,120 Furniture = 100 + 120 + 140 + 110 + 130 + 140 = 740 Total Cost Price for each product: Electronics = 1,400 ├Ч 1,000 = тВ╣1,400,000 Clothing = 1,120 ├Ч 400 = тВ╣448,000 Furniture = 740 ├Ч 2,000 = тВ╣1,480,000 Total Selling Price for each product: Electronics = 1,400 ├Ч 1,500 = тВ╣2,100,000 Clothing = 1,120 ├Ч 600 = тВ╣672,000 Furniture = 740 ├Ч 3,000 = тВ╣2,220,000 Total CP = 1,400,000 + 448,000 + 1,480,000 = тВ╣3,328,000 Total SP = 2,100,000 + 672,000 + 2,220,000 = тВ╣4,992,000 Overall Profit = Total SP - Total CP = 4,992,000 - 3,328,000 = тВ╣1,664,000

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