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A booth in a mall sells calendars. The calendars are purchased for $3.89 each and then sold to customers at a price of $9.96.
A booth in a mall sells calendars. The calendars are purchased for $3.89 each and then sold to customers at a price of $9.96. Space is rented for $148.00 per day and wages amount to $324.00 per day. Answer each of the following independent questions. (a) If the wages decrease to $278.64 per day, and other variables remain the same, how many calendars must be sold to break even? (b) If the calendars are put on sale at 33% off the regular price, and all other variables remain the same, calculate profits if 250 calendars are sold in a day? (a) The number of calendars required to break-even when wages decrease to $278.64 is 71 (Round up to the nearest whole number.) (b) If the calendars are put on sale at 33% off the regular price, and all other variables remain the same, the profit earned if 250 calendars are sold in a day is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Question Viewer
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