Question

You are setting up a part time business with an initial investment of $15,000. The unit cost of the product is $11.80, and the selling price is $19.30.

how many units would yeild a profit of $1000?

Answer 1

worst business plan ever!!

Answer 2

(19.30 - 11.80)x = 1000

x = 1000/(19.30 - 11.80)

Answer 3

1000/(19.30-11.8)

Answer 4

that means the actual profit divided into 1000? right?

Answer 5

yep; but the question is rather vague about what constitutes a profit. Is that simply the moneies made over and above unit costs? or does the initial investment factor into it or is it there just to confuse the issue with irrelevant jargon

Answer 6

there's other questions with it, that was just the only part i didn't have. there are other questions that lead to the next question... so it's not really that vague.

Answer 7

whew!! .. good to know :)

Answer 8

thanks!

Answer 9

KWinters, you still around?