Company C produces toy trucks at a cost of $5.00 each for the first 100 trucks and $3.50 for each additional truck. If 500 toy trucks were produced by Company C and sold for $7.00 each, what was Company C’s gross profit?
Choose the correct choice from the following answers.
A) $2,250 B) $2,500 C) $1,600 D) $1,250 E) $1,500
$1,600ost of 500 trucks: (100 * 5 ) + (400 * 3.5) = 500 + 1400= 
<gadget id="calculator">500 + 1400</gadget>
<output>1_900</output>
$ 1900   Revenue :  500 * 7= 
<gadget id="calculator"> 500 * 7</gadget>
<output>3_500</output>
$3500   Profit:   3500 - 1900= 
<gadget id="calculator">  3500 - 1900</gadget>
<output>1_600</output>
$ 1600   Option $1,600 is correct
<result>C</result>
Company C produces toy trucks at a cost of $5.00 each for the first 100 trucks and $3.50 for each additional truck. If 500 toy trucks were produced by Company C and sold for $7.00 each, what was Company C’s gross profit?