Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are setting up a shirt selling business. Upon initial market survey you found that the business will need aroung $15,000 in the initial setup
You are setting up a shirt selling business. Upon initial market survey you found that the business will need aroung $15,000 in the initial setup cost. This involves printing machines. If you are planning to sell a batch of 1,500 shirts with each shirt costing 25$ (material + print ) , a-) What should be the selling price of a shirt in order to break even (no profit) ? b-) What should be the selling price of a shirt in order to make a profit of atleast $8,000 ? c-) Suppose a friend of yours who already owns a printing press proposed an alternate business plan to you. He quotes a total cost of $29 for printing and packaging each shirt delivered to you. Does it make sense for you to outsource and get the shirts printed from him instead of setting up your own plant
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started