Question
A small fast-food restaurant invests $4,000 to produce a new food item that will sell for $4.59. Each item can be produced for $2.19.
(a) How many items must be sold to break even? (Round your answer to the nearest whole number.)
items
(b) How many items must be sold to make a profit of $5,500? (Round your answer to the nearest whole number.)
items
(a) How many items must be sold to break even? (Round your answer to the nearest whole number.)
items
(b) How many items must be sold to make a profit of $5,500? (Round your answer to the nearest whole number.)
items
Answers
Damon
revenue = 4.59 n
cost = 4000 + 2.19 n
to break even:
4.59 n = 4000 + 2.19 n
profit = revenue - cost
5500 = 4.59 n - 4000 - 2.19 n
cost = 4000 + 2.19 n
to break even:
4.59 n = 4000 + 2.19 n
profit = revenue - cost
5500 = 4.59 n - 4000 - 2.19 n
Angie
Thank you so very much Damon!!!! :-)