ACME’s manufacturing costs for sets of horseshoes include a $22,450 initial outlay, and $30per set. They can sell the sets $70. If profit is revenue from sales minus manufacturing costs, and the company producessells 1000 sets of horseshoes, what was their profit?  Answers
A) $16550
B) $18550
C) $17000
D) $20550
E) $17550
Total Manufacturing cost = 22,450+1000*30 = 52450   Total Selling cost = 1000*70= 
<gadget id="calculator">1000*70</gadget>
<output>70_000</output>
70000   Profit= 70000-52450= 
<gadget id="calculator">70000-52450</gadget>
<output>17_550</output>
17550   Answer : $17550
<result>E</result>
ACME’s manufacturing costs for sets of horseshoes include a $22,450 initial outlay, and $30per set. They can sell the sets $70. If profit is revenue from sales minus manufacturing costs, and the company producessells 1000 sets of horseshoes, what was their profit?