Question

A local basketball team is selling chocolate bars for $1 each. The team paid $.57 per bar plus $12.40 shipping. How many chocolate bars must be sold to make a profit of at least $300?

Answer 1

Amount of profit per bar = Amount sold per bar - Amount paid per bar
Profit = $1.00 - $.57 = $.43
Fixed cost: $12.40

Total profit (x = number of bars sold):
PROFIT = .43x - 12.40
If PROFIT = $300:
$300 = .43x - 12.40
x = 726.511628 bars

Answer 2

would i round that up to 726 or 727

Answer 3

727, since they can't sell .511 of a bar :D

Answer 4

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