A vehicle accessory shop is considering buying a new style of wheels for $193 00 and seling them at $234 00 for each wheel Fxed costs related to this new style of wheel amount to $492 00 t is estimated that 33 wheels per month could be sold (a) How many wheels must they sell to break even? (b) How much profit will the accessory shop make each month?
A vehicle accessory shop is considering buying a new style of wheels for $193 00 and seling them at $234 00 for each wheel Fxed costs related to this new style of wheel amount to $492 00 t is estimated that 33 wheels per month could be sold (a) How many wheels must they sell to break even? (b) How much profit will the accessory shop make each month?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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please solve both parts

Transcribed Image Text:A vehicle accessory shop is considering buying a new style of wheels for $103 00 and selling them at $234 00 for each wheel Fixed costs related to this new style of
wheel amount to
$492 00 It is estimated that 33 wheels per month could be sold.
(a) How many wheels must they sell to break even?
(b) How much profit will the accessory shop make each month?
CED
(a) The shop must sellwheels to break even
(Round up to the nearest unit)
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