ulia spends $3.25 on gas for her lawn mower. She earns $14.00 mowing her neighbor's yard. What is Julia's profit?
2 answers:
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Answer:
b)$18
Step-by-step explanation:
The break even point is when the revenue is equal to the cost.
Revenue:
How much the store earns for each shirt.
We want to find the price of each shirt, and 50 shirts will be made.
So the revenue function is:
In which p is the price.
Costs:
A clothing store spends $10 for each shirt it produces and has fixed costs of $400.
So for 50 shirts:
400 + 50*10 = 900
Breakeven
Revenue equals cost
50p = 900
p = 900/50
p = 18
So the correct answer is:
b)$18