John is a retired school teacher who loves woodworking with reclaimed woods from old buildings, particularly barns. Over the past few years, he has made beautiful kitchen tables for his home. His family suggested that he opens a business selling reclaimed wood tables to the general public through a website that his son offered to build and run for him. John has enjoyed his retirement and considers such a venture only if he could make at least $50.000 profit each year.

He made some research on reclaimed wood tables, pricing and manufacturing. To his surprise, he found that they are selling for anywhere from $1,750 to nearly $10,000 per table. He is now curious to know how much he would have to charge for his tables to make $50,000 profit a year.

John has spoken to his friends in the woodworking club who have offered to help with the production of his tables. He estimates that together they can produce 2 tables per week or 100 tables each year. Because of previous inquiries, John is sure that he can sell easily this number of tables. He estimates cost per table to be $1,500. The rent for the place and machinery is $50,000 per year

1. What is the minimum price John should charge for his tables?

2. John's friend offered him access to the workshoo and tools for free. In this situation what is the min price that John can charge for this tables?

3. John's friends suggested to make only 75 tables per year, not 100. Given free workshop, how much John can charge for the table now?

4. What shall be the price, if John wanted 30% return on his sales of 100 tables per year, given

$50,000 to rent place and machinery?