Price and profit

[Sanjay mehta]

I have a question for all.
A manufacturing enterprise makes steel pipes from HRC coil.
The HRC coil prices are $600/t.
The finished pipes are sold on theoretical basis whereby a ton of finished pipes weigh 0.95ton and are sold at $700/t.
The CFO of the company says that our gain is 50kg of HRC i.e 0.05x$600=$30 whereas the CEO of the company says the gain is $700x0.05=$35. Who is correct CEO or CFO?

 

[Deleted member 4993]

I have a question for all.
A manufacturing enterprise makes steel pipes from HRC coil.
The HRC coil prices are $600/t.
The finished pipes are sold on theoretical basis whereby a ton of finished pipes weigh 0.95ton and are sold at $700/t.
The CFO of the company says that our gain is 50kg of HRC i.e 0.05x$600=$30 whereas the CEO of the company says the gain is $700x0.05=$35. Who is correct CEO or CFO?

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