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The owners have set a target profit of $25,000 per month ($300,000 per year) in order from them to devote themselves full-time to JW Sports
The owners have set a target profit of $25,000 per month ($300,000 per year) in order from them to devote themselves full-time to JW Sports Supplies. Evaluate each of the following factors, separately (assume 1500 units at 100 each, y=60x +40000):
a. What price must the company set to achieve a profit of $25,000?
b. What must the variable cost per unit be to achieve a profit of $25,000?
c. How many units must it sell to achieve a profit of $25,000? d. What must total monthly fixed costs be to achieve a profit of $25,000?
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