Company fixed cost = $10 million = $10,000,000
Variable cost per pair = $5
Company charges each pair = $15
Hence the company makes $10 profit per pair
regardless the company fixed cost and only considering the variable cost.
Let subtract the variable cost per pair from the
company charging each pair = 15 - 5 = $10
Thus the company now makes $10 per pair, and it has
to sell 1,000,000 pairs of gloves to reach the break-even point. The break-even
point refers to the point where total cost and revenue are equal.
<span>Thus for 1,000,000 pairs, the company total earning =
10 x 1,000,000 = $10,000,000 = $10 million </span>
Answer:
<u><em>domain</em></u> is your <u><em>x value</em></u>, and <u><em>range</em></u> is your <u><em>y value.</em></u>
Step-by-step explanation:
Answer:
Answer is D = 121.51
Use the Compound Interest Formula
A = P (1 + (R/12)/100)^(12*n)
Run 2 case
P = 1700
R = 18.7, R = 12.5
n = 1 (as the problem is asking over the course of a year)
Solve for A for both the R and subtract the two values of A to obtain ~121.51
Step-by-step explanation: