Question

A company making backpacks charges $29.99 for each backpack. It costs $6.45 to make each backpack. The company can make backpacks in multiples of 10 and there is $1,000 in fixed costs. The company wants to make at least $4,000 profit each week.

Answer 1

A minimum of 220 backpacks must be produced to obtain the desired benefits.

Since a company making backpacks charges $ 29.99 for each backpack, and it costs $ 6.45 to make each backpack, and the company can make backpacks in multiples of 10 and there is $ 1,000 in fixed costs, and the company wants to make at least $ 4,000 profit each week, to determine how many backpacks should be produced, the following calculation must be performed:

• 29.99 - 6.45 = 23.54
• 500 x 23.54 - 1000 = 10,770
• 250 x 23.54 - 1000 = 4.885
• 220 x 23.54 - 1000 = 4,178.80
• 210 x 23.54 - 1000 = 3,943.40

Therefore, a minimum of 220 backpacks must be produced to obtain the desired benefits.

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Answer 2

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Step-by-step explanation:grgrgrtgrgrrgrrg