Jeffery thinking about starting a new business. He recently granted to creative arts condplans to open andra shop beves he can selechproduct for a 1200. The he on inventory from will be paid a common of 25 of the price. The two and othershed and red to the customery time that these coated withing and det about 10 per product Additionales associated with running the store. Rent will be 1800 per month vary rom more month will be 50 per monsurance and others were month. He plans to pay and one as ant salaries of 13.o per month. tant rate is tylfury to be 304 Required and on the row many peops per month wouldetery need to setor Show dwork) biber wanted to carnanet come to of 14 900 per month ag of the same pasi show what amount of revenue would he need to make per month Show works The For the toolbw.pres ALT FOCO ALTF-10 Mad C 6 MO Jeffery is thinking about starting a new business. He recently graduated from a creative arts college and plans to open an arts and craft shop. He believes he can sell each product for an average price of $200. The businesses he obtains inventory from will be paid a commission of 25% of the price. The artwork and other items packed and delivered to the customer. Jeffery estimates that these costs associated with packing and delivery should be about $10 per product Additional expenses associated with running the store Rent will be $1,800 per month Utilities (which it is assumed will not vary from month to month will be 5330 per month Insurance and other expenses will be $250 per month. He plans to pay himself and one sales assistant salaries of $3,500 per month ($2,500 for himself and $1,000 for his assistant) The tax rate is assumed by Jeffery to be 30%, Required: 3. Based on the information how many paintings per month would Jeffery need to sell to break even? Show all workings (2 marks) b. IfJeffery wanted to earn a net income (after tax) of $4,900 per month assuming all of the same prices and costs given above, what amount of revenue would he need to make per month? Show all workings. (4 marks) For the toolbar, press ALT-F10 (PC) or ALT-FN-F10 (Mac). BI V S Paragraph Arial 5 wee 14px EEA T