Nancy sells handcrafted bracelets at a flea market for $6. If her monthly fixed costs are $625 and each bracelet cost her $1.75 to make, how many bracelets must she sell in a month to make a profit?
Answers
The number of bracelets that Nancy must sell in a month to make a profit is approximately 148.
Given that:
Nancy sells handcrafted bracelets at a flea market for $6.
The monthly fixed cost is $625 and each bracelet costs $1.75 to make.
Let n be the total number of bracelets that Nancy sells in a month.
The selling price of a bracelet = $6
Then, the selling price of n bracelets = 6n
Total revenues = 6n
Monthly fixed cost = $625
Additional cost for each bracelet = $1.75
Additional cost for n bracelets in a month = 1.75n
Total cost = 625 + 1.75n
In order to have profit, the total revenues minus the total cost must be positive.
6n - (625 + 1.75n) > 0
6n - 1.75n - 625 > 0
4.25n - 625 > 0
Add 625 on both sides,
4.25n > 625
Divide both sides by 4.25,
n > 147.06 ≈ 148, when rounded up.
Hence, the number of bracelets that Nancy has to sell to make a profit is 148.
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Answers
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Answers
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*Hope that helps and enjoy Brainly :) *
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Answers
Answer:
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Step-by-step explanation:
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A youth group has a yard sale to raise money for a charity. The group earns $800 but decides to put its money in the bank for a while.
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