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Mark sells hand-made jewelry at craft shows. He averages 40% gross margin on his jewelry (the price-costs/price is 40%). To register as a vendor, drive,
Mark sells hand-made jewelry at craft shows. He averages 40% gross margin on his jewelry (the price-costs/price is 40%). To register as a vendor, drive, feed himself at a show, and stay the night somewhere averages $400 per show.
a: how much in dollars does mark have to sell at the average show to break even?
b: if mark wants to make $1,000 per show (profit per show) how much does he have to sell (in dollars)?
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