Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
April is an entrepreneur and needs to figure out how many cupcakes she needs to sell each month in order to break even. Her fixed
April is an entrepreneur and needs to figure out how many cupcakes she needs to sell each month in order to break even. Her fixed costs are rent of a church kitchen ( $100 per weekend, 4 times a month), social media advertising ( $50 per month), and car expenses ( $50 per month). She has priced the cupcakes at $15 per dozen, with a variable cost of $5 per dozen. a. If she offers a 20% discount on the sales price for online orders, what would that price be for the customer? b. With that discount, how many dozens does she need to sell to break-even and make her salary
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started