Question
Marcus wants to open a chocolate factory. He estimates his fixed weekly costs of $6,000.00, and variable cost of $7.00 per box of confectioners chocolate.
Marcus wants to open a chocolate factory. He estimates his fixed weekly costs of $6,000.00, and variable cost of $7.00 per box of confectioners chocolate. They then sell the boxes to restaurant operators at wholesale prices for $24.00.
a. Use the Goal Seek tool to predict the Amount of boxes needed in order to break even. (2 marks)
b. How many boxes would he need to make and sell to earn a profit of $2500.00 (2 marks)
c. If Marcus were to make 1000 boxes of the chocolate what would be the profit or loss? (2 marks)
d. How many boxes result in a loss of $500? (2 marks)
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