Question: Alexander makes professional baseball gloves by hand. He buys leather for $80 a yard. Padding costs $6 a pound; thread and other materials cost $16
Alexander makes professional baseball gloves by hand. He buys leather for $80 a yard. Padding costs $6 a pound; thread and other materials cost $16 for a month’s supply. He pays $500 a month rent for a small shop, and utilities average $150 a month. Shipping costs are about $4.50 per glove. In an average month, Alexander produces and sells 8 gloves. Each glove requires a half yard of leather and a half pound of padding. What is the average cost of a glove made by Alexander? How much profit does Alexander earn on each glove if he sells them for $475 each? How much profit does Alexander earn each month, on average?
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Sales price per glove 47500 Costs of producing each glove Leather 80 2 4000 Padding 6 ... View full answer
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