ACME’s manufacturing costs for sets of horseshoes include a $11,450 initial outlay, and $19.75 per set. They can sell the sets for $52.50. If profit is revenue from sales minus manufacturing costs, and the company produces and sells 987 sets of horseshoes, what was their profit?  Choose the correct choice from the following choices.
A) $20,874.25	B) $30,943.25	C) $41,308.50	D) $51,817.50	E) $53,624.25
The numbers are ugly, and the answer choices are widely spread out. This problem is absolutely screaming for estimation!   So here’s some more fast and furious estimation. Initial manufacturing outlay: round that from $11450 to $10000. Cost per set: round to $20. Sales revenue per set: $50. Number produced &amp; sold: 1000. OK, now we’re in business.   Cost equals 10000 + 20*1000 = 10000 + 20000= 
<gadget id="calculator">10000 + 20000</gadget>
<output>30_000</output>
$30000. Sales revenue= 50*1000= 
<gadget id="calculator">50*1000</gadget>
<output>50_000</output>
$50000. Profit= (Sales Revenue) – (Cost) =$50000 – $30000 = $20000. Answer choice (A) is the only answer even close to that. Single digit calculations all the way, and it was enough to get the answer!   $20,874.25nswer $20,874.25
<result>A</result>
ACME’s manufacturing costs for sets of horseshoes include a $11,450 initial outlay, and $19.75 per set. They can sell the sets for $52.50. If profit is revenue from sales minus manufacturing costs, and the company produces and sells 987 sets of horseshoes, what was their profit?