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Meadow Inc. sells shoes for $118 each. The variable costs per shoe are $47 and the fixed costs per week are $4,970. a. Calculate the number of shoes that need to be sold every week to break even. Round up to the next whole number b. If 58 shoes were sold, calculate the net income in a week. Express the answer with a positive sign for profit or negative sign for loss, rounded to the nearest cent c. How many shoes must be sold to make a profit of $1,750.00 in a week? Round up to the next whole number

Meadow Inc. sells shoes for $118 each. The variable costs per shoe are $47 and the fixed costs per week are $4,970. a. Calculate the number of shoes that need to be sold every week to break even. Round up to the next whole number b. If 58 shoes were sold, calculate the net income in a week. Express the answer with a positive sign for profit or negative sign for loss, rounded to the nearest cent c. How many shoes must be sold to make a profit of $1,750.00 in a week? Round up to the next whole number

Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.7: Costs, Income, And Value Problems
Problem 9P
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Meadow Inc. sells shoes for $118 each. The variable costs per shoe are $47 and the fixed costs per week are $4,970. a. Calculate the number of shoes that need to be sold every week to break even. Round up to the next whole number b. If 58 shoes were sold, calculate the net income in a week. Express the answer with a positive sign for profit or negative sign for loss, rounded to the nearest cent c. How many shoes must be sold to make a profit of $1,750.00 in a week? Round up to the next whole number
Transcribed Image Text:Meadow Inc. sells shoes for $118 each. The variable costs per shoe are $47 and the fixed costs per week are $4,970. a. Calculate the number of shoes that need to be sold every week to break even. Round up to the next whole number b. If 58 shoes were sold, calculate the net income in a week. Express the answer with a positive sign for profit or negative sign for loss, rounded to the nearest cent c. How many shoes must be sold to make a profit of $1,750.00 in a week? Round up to the next whole number
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