A toy company sold 160 units of toys for Tk. 450 each and 120 units for toys for Tk. 300 each. If the company’s production cost of each unit of toy was Tk. 380, what was the company’s profit or loss?

A toy company sold 160 units of toys for Tk. 450 each and 120 units for toys for Tk. 300 each. If the company’s production cost of each unit of toy was Tk. 380, what was the company’s profit or loss?

A Tk. 1600 loss

B Tk. 1600 profit

C No profit or loss

D Tk. 600 loss

Solution

Correct Answer: Option B