Question
Q. 14. A hairdresser is deciding to open her own studio. She will pay $1200 per month in rent and will charge $45 per haircut. If rent is her only expense, how many haircuts does she need to do to make a profit? Click on the dropdown menu to choose the correct option. Be careful about rounding correctly! (1 point)
Answers
GPT 3.5
To find out how many haircuts the hairdresser needs to do to make a profit, we need to determine the breakeven point.
The breakeven point is when the revenue equals the expenses.
Let's assume x is the number of haircuts.
Revenue = Price per haircut * Number of haircuts = $45x
Expenses = Rent = $1200
To find the breakeven point, we set the revenue equal to the expenses:
$45x = $1200
Now, let's solve for x:
x = $1200 / $45
x ≈ 26.6667
Rounded to the nearest whole number, the hairdresser needs to do 27 haircuts to make a profit.
The breakeven point is when the revenue equals the expenses.
Let's assume x is the number of haircuts.
Revenue = Price per haircut * Number of haircuts = $45x
Expenses = Rent = $1200
To find the breakeven point, we set the revenue equal to the expenses:
$45x = $1200
Now, let's solve for x:
x = $1200 / $45
x ≈ 26.6667
Rounded to the nearest whole number, the hairdresser needs to do 27 haircuts to make a profit.