A booth in a mall sells calendars. The calendars are purchased for ​$3.59 each and then sold to customers at a price of $9.39. Space is rented for $160.00 per day and wages amount to $328.00 per day. Answer each of the following independent questions. (a) If the wages decrease to ​$291.92 per​ day, and other variables remain the​ same, how many calendars must be sold to break​ even? (b) If the calendars are put on sale at 19​% off the regular​ price, and all other variables remain the​ same, calculate profits if 150 calendars are sold in a​ day?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter14: Sequences And Mathematical Induction
Section14.3: Another Look At Problem Solving
Problem 29PS
icon
Related questions
icon
Concept explainers
Topic Video
Question

A booth in a mall sells calendars. The calendars are purchased for ​$3.59 each and then sold to customers at a price of $9.39. Space is rented for $160.00 per day and wages amount to $328.00 per day. Answer each of the following independent questions.

(a) If the wages decrease to ​$291.92 per​ day, and other variables remain the​ same, how many calendars must be sold to break​ even?
(b) If the calendars are put on sale at 19​% off the regular​ price, and all other variables remain the​ same, calculate profits if 150 calendars are sold in a​ day?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning