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Jilly's became the first Missouri cupcake company to win the Food Networks televised Cupcake Wars. Since its award, Jilly's finds that customers are willing to

Jilly's became the first Missouri cupcake company to win the Food Networks televised Cupcake Wars. Since its award, Jilly's finds that customers are willing to pay $25.00 for a special Cupcake Wars Mini-Pack of cupcakes. At this price, the manager has variable costs of $11.00 plus an additional $3 to pay for the licensing of the Cupcake Wars name and logo. Total fixed expenses are $86,550.

How much profit would Jilly's make if it successfully sold 10,000 Cupcake Wars Mini-Packs? FOR FULL CREDIT, YOU MUST SHOW ALL OF YOUR WORK.

Imagine that Jilly's wants to make a profit of $13,500. What quantity of Cupcake Wars Mini-Packs must be sold for Jilly's to achieve this target profit? FOR FULL CREDIT, YOU MUST SHOW ALL OF YOUR WORK.

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