A cupcake shop just rented out a new space and bought some new ovens and equipment for $18,000. The cost of ingredients and labor to make a single cupcake is $0.90, but the bakery sells them for $3.20 apiece. Approximately how many cupcakes will the shop need to sell to break even? 4,391 cupcakes 5,625 cupcakes 7,827 cupcakes 16,200 cupcakes
A cupcake shop just rented out a new space and bought some new ovens and equipment for $18,000. The cost of ingredients and labor to make a single cupcake is $0.90, but the bakery sells them for $3.20 apiece. Approximately how many cupcakes will the shop need to sell to break even? 4,391 cupcakes 5,625 cupcakes 7,827 cupcakes 16,200 cupcakes
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A cupcake shop just rented out a new space and bought some new ovens and equipment for $18,000. The cost of ingredients and labor to make a single cupcake is $0.90, but the bakery sells them for $3.20 apiece. Approximately how many cupcakes will the shop need to sell to break even?
4,391 cupcakes
5,625 cupcakes
7,827 cupcakes
16,200 cupcakes
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