A retailer incurs a fixed cost of N$ 500 when purchasing sugar for his stock. He pays N$ 10.00 per packet which he resells at N$ 15.00 per packet. How many packets should he purchase and sell in order to break even?
1 answer:
Answer:
100 packets
Step-by-step explanation:
Given :
Cost = fixed cost + variable cost
Fixed cost = $500
Variable cost = $10
Sales price = $15
Let :
Number of packets = x
To break even :
fixed cost + variable cost = sales made
500 + 10x = 15x
500 = 15x - 10x
500 = 5x
x = 500 / 5
x = 100
100 packets
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