Profit Calculation from Manufacturing Data

Hard Data Analysis Quantitative Analysis

A manufacturing company produces two products: widgets and gadgets. For a specific month, the company recorded the following data:

Production Cost per Widget: $25
Production Cost per Gadget: $40
Total Production Costs for all Widgets: $20,000
Total Production Costs for all Gadgets: $30,000

Additionally, the company sold 600 widgets and 900 gadgets that month. What was the total profit the company made for that month, given that widgets are sold at $45 each and gadgets at $65 each?

$27,500

$32,000

$25,000

$15,000

Hint

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