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7. A gardener sells herbal plants at Php38 per pack, selling all that he harvests. His fixed cost is Php5,200 and his variable cost is Php8.75 per pack. A. What is the revenue, cost and profit functions? B. How many packs of herbal plants must the gardener sell to break-even? C. How many packs of herbal plants must the gardener sell to get a profit of Php7,500? D. How many packs of herbal plants must the gardener sell and incur a loss of Php2,000?

7. A gardener sells herbal plants at Php38 per pack, selling all that he harvests. His fixed cost is Php5,200 and his variable cost is Php8.75 per pack. A. What is the revenue, cost and profit functions? B. How many packs of herbal plants must the gardener sell to break-even? C. How many packs of herbal plants must the gardener sell to get a profit of Php7,500? D. How many packs of herbal plants must the gardener sell and incur a loss of Php2,000?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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answer b c d

7. A gardener sells herbal plants at Php38 per pack, selling all that he harvests. His fixed cost is Php5,200 and his variable cost is Php8.75 per pack. A. What is the revenue, cost and profit functions? B. How many packs of herbal plants must the gardener sell to break-even? C. How many packs of herbal plants must the gardener sell to get a profit of Php7,500? D. How many packs of herbal plants must the gardener sell and incur a loss of Php2,000?
Transcribed Image Text:7. A gardener sells herbal plants at Php38 per pack, selling all that he harvests. His fixed cost is Php5,200 and his variable cost is Php8.75 per pack. A. What is the revenue, cost and profit functions? B. How many packs of herbal plants must the gardener sell to break-even? C. How many packs of herbal plants must the gardener sell to get a profit of Php7,500? D. How many packs of herbal plants must the gardener sell and incur a loss of Php2,000?
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