E3-21 (similar to) Question Help * Garrett Motors is a small car dealership. On average, it sells a car for $25,000, which it purchases from the manufacturer for $21,000. Each month, Garrett Motors pays $69,600 in rent and utities and $66,000 for salespeople's salaries. In addition to their salaries, salespeople are paid a commission of $400 for each car they sell Garrett Motors also spends $12,000 each month for local advertisements its tax rate 40%, Requirements 1. How many cars must Garrett Motors sell each month to break even? 2. Garrett Motors has a target monthly net income of $54,000. What is its targeted monthly operating income? How many cars must be sold each month to reach the target monthly net income of $54,000? Requirement 1. How many cars must Garrett Motors sell each month to break even? Let's begin by determining the formula for the breakeven number of cars. Breakeven number of cars Choose from any drop-down list and then click Check Answer Check Answer Clear All parts