4

5. A start on chapter 3: You are salesperson selling cheese to customers. Your boss has given you a target gross profit margin of 20%, you also know q = 1016/hr, the utility costs are u = $5/hr, the labor cost of producing 10 pounds of cheese is c(10) = $10/hr, and the cost of ingredients and the packaging are r = $.50/1b. Calculate the break even price (p ) as well as the target gross profit margin price (pGM) for the seller