Vysakh set up a samosa stand. His fixed cost is Rs 1500. His average variable cost is Rs 10/samosa. If he sells 200 samosas at Rs 20, what is his profit?
Rs 500
TFC=Rs 1500TVC=AVC×q=200×10=Rs 2000TC=TVC+TFC=Rs 2000+Rs 1500=Rs 3500
TR=P×Q=20×200=Rs 4000
Profit=TR−TC=Rs 4000−Rs 3500=Rs 500