Question
sam sells necklaces for 10 dollars each. each necklace cost her 5 dollars to make.she also has 5,000 dollars in fixed costs per year for her jewelry business. how many necklaces must she sell in order to make a profit of 1,000 dollars in one year
Answers
bobpursley
profit=revenue-expense
= 10N-5N-5000=5N-5000
if she makes 1000 per year, then
1000=5N-5000
solve for N
= 10N-5N-5000=5N-5000
if she makes 1000 per year, then
1000=5N-5000
solve for N