hubcap888 Posted May 8, 2006 Share Posted May 8, 2006 if i buy iron ore at 100 each and coal at 200 each and i make 3k steel bars then sell howmuch of a profit do i make off the bars?? :? Link to comment Share on other sites More sharing options...
Goobore Posted May 8, 2006 Share Posted May 8, 2006 if i buy iron ore at 100 each and coal at 200 each and i make 3k steel bars then sell howmuch of a profit do i make off the bars?? :? It depends on what price you sell them. Link to comment Share on other sites More sharing options...
hubcap888 Posted May 8, 2006 Author Share Posted May 8, 2006 oh srry i sell for 600 each Link to comment Share on other sites More sharing options...
Goobore Posted May 8, 2006 Share Posted May 8, 2006 oh srry i sell for 600 each Ok, total cost = 3000*(100+200+200) = 1.5M total revenue = 3000*600 = 1.8M Profit = revenue-cost = 300k or cost per bar = 500 sell at 600 gives 100 profit per bar 3000*100 = 300k Link to comment Share on other sites More sharing options...
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