Helen R.

asked • 04/28/20

Can't figure this one out

A kiosk in the mall sells Easter baskets. The fixed costs of operating the kiosk (rent, insurance, etc.) are $8,000. Each basket costs the store $4.75 and sells for $11.00.

(a) Rounding to the nearest whole basket, how many baskets must the store sell to break even?

(b) Rounding to the nearest whole basket, how many baskets must the store sell to make $2,000 in profit?

4 Answers By Expert Tutors

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Rebecca R. answered • 04/28/20

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Heidi T. answered • 04/28/20

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MS in Mathematics, PhD in Physics, 7+ years teaching experience

Tariq A. answered • 04/28/20

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Experienced High school/College Tutor specializing in Chemistry

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