Answer:
P = n * t * (S - C) - H - (n * W)
n = (P + H) / (tS - tC - W)
Step-by-step explanation:
n = number of employees to be hired
P = profit
W = employee wages per day
t = average toys made by each employee per day
S = selling price of each product
C = cost price of each product
H = daily overhead costs
Equation for profit is selling price - cost price for all the toys made for that day
which is no. of employees * t * (S - C)
we will also cut daily overhead costs from profit
and also daily wages for all employees
P = n * t * (S - C) - H - (n * W)
Now we have to find n based on other factors / variables
P = ntS - ntC - H - nW
P = n (tS - tC - W) - H
P + H = n (tS - tC - W)
n = (P + H) / (tS - tC - W)
