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Steves Motors is a small auto dealership. On average it sells each car for $30,000, which it purchases from the manufacturer for $26,000. Each month,
Steves Motors is a small auto dealership. On average it sells each car for $30,000, which it purchases from the manufacturer for $26,000. Each month, Steves Motors pays $50,000 in rent and utilities. It also pays $69,000 in salaries to salespersons and staff. It pays $10,000 per month in advertising. In addition to salaries paid to salespersons, it also pays $1,000 commission for each car sold. How many cars must Steves Motors sell each month to break even?
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