Answer:
a).To break even
They need to enroll 87 student
B) Profit=$100000
C) yeah they can think of that.
Profit= $70000
Step-by-step explanation:
Initial start up cost = $350000
Cost from adminstrative bodies
= 12000 for first 100 student
= $1200000
Total cost =$1200000+$350
Totral cost =$ 1550000
Tuition cost
= $18000 per student
To break even
The college needs to enroll
1550000/18000= 86.1
They need to enroll 87 student
B) if they enroll 75 students
Adminstrative cost = 12000*75
Adminstrative cost= 900000
Total cost= 350000+900000
Total cost =$ 1250000
Tuition fee= $18000*75
Tuition fee=$ 1350000
Their profit= 1350000-1250000
Profit=$100000
C).if tuition is $24000 and enrollment number= 35
Adminstrative cost = 35*12000
Adminstrative cost = $420000
Total cost= $770000
Tuition fee= $24000*35
Tuition fee= $840000
Profit= $840000-$770000
Profit= $70000
