A retail store has fixed costs of $145,200 per year and a capacity to store and sell 860 dishwashers every year. Their variable costs are $135 per unit, and each unit currently sells for $575. a. How many units should they sell to have a net income of $23,500 per year? Round up to the next whole number b. What is their net income at capacity? Round to the nearest cent c. Calculate the number of units they need to sell to have a net income of $23,500 per year if they decide to reduce the selling price of each unit by 10% and variable costs increase by 12%. Round up to the next whole number
A retail store has fixed costs of $145,200 per year and a capacity to store and sell 860 dishwashers every year. Their variable costs are $135 per unit, and each unit currently sells for $575. a. How many units should they sell to have a net income of $23,500 per year? Round up to the next whole number b. What is their net income at capacity? Round to the nearest cent c. Calculate the number of units they need to sell to have a net income of $23,500 per year if they decide to reduce the selling price of each unit by 10% and variable costs increase by 12%. Round up to the next whole number
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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