Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please do both parts in 40 minutes please urgently... I'll give you up thumb definitely Part 1 John sells pushchairs on eBay. He buys the

image text in transcribed

please do both parts in 40 minutes please urgently... I'll give you up thumb definitely

Part 1 John sells pushchairs on eBay. He buys the pushchair from China at a wholesale price of 350 and resells them for 450. He also needs to store them before they are buying dispatched so he rented a garage space for 800 a month. a. What is the equation to calculate the profit? b. How many pushchairs does John need to sell to break even? C. If John were to sell 23 pushchairs, what would be his profit/loss? Part 2 Hector has a 1 shop. Everything he sells is sold for 1 and everything he buys cost 0.90. The rent for the store is 2000 a month. a. What is the equation to calculate the profit? b. How many items does hector need to sell to break even? c. If Hector were to sell 15,000 items, what would be his profit/loss

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Unknown Market Wizards The Best Traders Youve Never Heard Of

Authors: Jack D. Schwager

1st Edition

0857198718, 978-0857198716

More Books

Students also viewed these Finance questions