EBK PRECALCULUS W/LIMITS

4th Edition

ISBN: 9781337516853

Author: Larson

Publisher: CENGAGE CO

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Concept explainers

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Question

Chapter 7.1, Problem 57E

To determine

To calculate : A small software development company invests $16000 to produce a software package that will sell for $55.95. Each unit costs $9.45 to produce.

a. How many nits must the company sell to break even?

Expert Solution

Answer to Problem 57E

a. 344 units

Explanation of Solution

Given information :

Total investment amount is $16,000

Sell the package $55.95

Each unit cost is $9.45

Calculation :

Suppose x represents the number of units sold.

Let’s write the equation using the given information.

Cost of x units = 9. 45x

9.45x+16000=55.95x55.95x−9.45x=1600046.5x=16000x=1600046.5x=344.086x≈344units

The company must sell 344 units to break even.

To determine

To calculate : A small software development company invests $16000 to produce a software package that will sell for $55.95. Each unit costs $9.45 to produce.

b. How many units must the company sell to make a profit of $100000.

Expert Solution

Answer to Problem 57E

b. 2495 units

Explanation of Solution

Given information :

Total investment amount is $16,000

Sell the package $55.95

Each unit cost is $9.45

Given profit is $100,000

Calculation :

We will write the equation

55.95x−(9.45x+16000)=10000046.5x=100000+1600046.5x=116000x=11600046.5x=2494.62x≈2495units

There are 2495 units must be sold to earn profit $100000.

Chapter 7.1, Problem 56E

Chapter 7.1, Problem 58E

Chapter 7 Solutions

EBK PRECALCULUS W/LIMITS

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A small software development company invests $16000 to produce a software package that will sell for $55.95. Each unit costs $9.45 to produce. a. How many nits must the company sell to break even?

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To calculate : A small software development company invests $16000 to produce a software package that will sell for $55.95. Each unit costs $9.45 to produce. a. How many nits must the company sell to break even?

Answer to Problem 57E

Explanation of Solution

To calculate : A small software development company invests $16000 to produce a software package that will sell for $55.95. Each unit costs $9.45 to produce. b. How many units must the company sell to make a profit of $100000.

Answer to Problem 57E

Explanation of Solution

Chapter 7 Solutions

To calculate : A small software development company invests $16000 to produce a software package that will sell for $55.95. Each unit costs $9.45 to produce.

a. How many nits must the company sell to break even?

To calculate : A small software development company invests $16000 to produce a software package that will sell for $55.95. Each unit costs $9.45 to produce.

b. How many units must the company sell to make a profit of $100000.