Question
1) Bryan and Shawn are playing a game of Monopoly. Bryan has 6 houses, which he is willing to sell to Shawn. Bryan bought the
1) Bryan and Shawn are playing a game of Monopoly. Bryan has 6 houses, which he is willing to sell to Shawn. Bryan bought the houses at a cost of $37 per house (in Monopoly money) and incurred maintenance charges from a community chest card of $11 per house. Bryan decided to sell all the houses for a total of $190. Calculate the net profit for Bryan in the game due to this deal.
2) Norman owns a caf. Normans caf sells only one type of coffee. The fixed cost of the caf per month is $12,000. The selling price of each coffee is $6 and the variable cost per coffee is $2. In the month of April, Normans caf sold 3400 coffees.
At the end of April, has the caf broken even? If yes, how much by? If not, how many dollars short was the caf?
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