The three amigo's total costs are $25000 if they produced and sold 500 dog beds and the average cost of production per dog bed was $50.
To determine the total cost, we use multiplication. Multiplication is one of the basic arithmetic operations and can be described as the process of repeated addition of the same number.
As the average cost of production was $50 and 500 dog beds were produced, we can determine the total cost by multiplying the number of dog beds produced by the average cost of production.
Total cost = Number of dog beds produced × average cost
Substituting the values;
Total cost = 500 × 50
Total cost = $25000
Hence, the total cost of the three amigo's is calculated to be $25000.
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