David wants to start a custom T-shirt printing business. The cost to rent a shop is $2,000 per week. The variable cost of producing one T-shirt is $10, and he can sell it for $35. If David sells 100 T-shirts, his profit would be dollars.
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His profit would be. Dollars
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- You want to open up a custom skateboard shop. You can sell each skateboardfor $160. It takes 3 hours to make each skateboard. Each skateboardmaker earns $25 per hour. Each skateboard costs $15 in raw materials. Youestimate that your fixed costs are $20,000 per month.a. What is the contribution margin?b. How many skateboards must be sold each month in order to break even?c. What is the break-even dollar amount?d. How many skateboards must be sold to earn a $10,000 profit each month?e. What is your total monthly revenue if you want to earn a profit of $8,000?Jose is thinking about purchasing a soft drink machine and placing it in a business office. He knows that there is a 5% probability that someone who walks by the machine will make a purchase from the machine, and he knows that the profit on each soft drink sold is $0.10. If Jose expeccts a thousand people per day to pass by the machine and requires a complete return of his investment in one year, then what is the maximum price that he should be willing to pay for the soft drink machine? Assume 250 working daysin a year, and ignore taxes and the time value of money.Mark owns a company that sells sneakers of high quality. For each sneaker, the leather cost is SR 110 and the production cost is SR 70. The monthly cost for running the company is SR 32000 and the monthly cost for running the factory is SR 56000. If Mark predicted that he would only sell 550 sneakers, what selling price would make Mark break-even by selling this number of sneakers?
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- You make Fidget Spinners that you can sell for $6.50 each. The materials that go into each fidget spinner include ball bearings ($1.25/unit), and plastic ($0.15/unit). Your other costs are as follows: $0.10/unit of injection molding costs You pay your little brother 5% commission on each unit he sells. $100 per month for a social media advertising campaign $3600 per year that your parents are charging you to use the garage $3000/month to cover the salaries for you and two of your best friends who are all equal partners in this business. Because you are using the garage, you are also required to purchase car covers upfront for each of your parent's cars. This totals $750. You also need to purchase injection molds for $1500. What is the minimum number of Fidget Spinners you must sell per month to breakeven?You are opening a coffee shop. You estimate the weekly costs of $375 for rent, $2100 for employee costs, and $125 for miscellaneous costs. The ingredients and material cost for each cup of coffee is 0.35 (cents) per cup. 1) Create a cost function for the coffee shop. 2) If the investors estimate that they will be able to sell 1100 cups of coffee per week. How much should they charge per cup to make a profit? Justify your answer and/or explain.Planck, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling each set at $ 520. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Planck make each month? Round to the nearest one. Hint: use the contribution margin approach.
