A company manufactures and sells novelty mugs.The manufacturing costs consists of a fixed cost of R8 000 and a variable cost of
1 answer:
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Answer:
It will take 146 days to earn an interest of $80.
Step-by-step explanation:
The simple interest formula is:
It is provided that:
I = $80
P = $4,000
r = 5% p.a.
Compute the time required as follows:
Thus, it will take 146 days to earn an interest of $80.
Answer:
15
Step-by-step explanation:
To find the minimum amount of items, x, that need to be sold for the manufacturer to make a profit, we can use the quadratic formula
In context of the problem, we can only rely on the positive value, as the negative value would lead to a loss of profit.
Furthermore, we must round to the nearest whole number, as you cannot make part of an item.
Lastly, if you were to plug in 14 into the equation for Profit, you would still have a negative number (i.e. a negative profit), thus requiring the manufacturer to make no less than 15 items to make a profit: