Question

7. A company manufactures shaving sets for $5 each and sells them for $7 each. How many shaving sets must be sold for the

Answer 1

Answer:

$30,000

Step-by-step explanation:

profit = amount of sales - expenses

The company spends $5 on each set. it sells each set for $7.

The profit on each set is $7 - $5 = $2.

For each set the company sells, it makes $2 of profit.

It cost the company $45,000 to start production, and the company wants a profit of $15,000. The company needs to earn $45,000 + $15,000 = $60,000 in profits.

Since the profit per set is $2, the number of sets it needs to sell is

$60,000/$2 = 30,000

Answer: 30,000 sets