Suppose $500 is invested in an account at an annual interest rate of r =5.5%, compounded continuously.
1 answer:
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We know that:
Profit = Revenue - Cost
Let us say x number of candies are made per week.
Finding Cost per week:
Cost of making 1 bar = 0.15
Cost of making x bars = 0.15x
Fixed rate of making candies per week = 600
Total cost of making x candies per week = 600 + 0.15x
Now let us find Revenue:
Selling price of each bar = 1.50
Selling price of x bars = 1.50x
Now we have to find profit,
Profit = Revenue - Cost
In order to have profit Revenue - Cost >0
So plugging values of revenue and cost to get number of candies,
x>444.44
Rounding off
x>444
Answer: The company must sell greater than 444 candies in order to make profit.