question 2 of 10: charlie sells cookies only in packages of 10. it costs him $3.50 in materials per package…

question 2 of 10: charlie sells cookies only in packages of 10. it costs him $3.50 in materials per package. additionally, he has overhead costs of $1,500 per month. in order to pay himself a monthly salary of $5,000, how many packages of cookies does charlie need to sell per month at $10 per package? a) 800 b) 872 c) 1,000 d) 1,567

question 2 of 10: charlie sells cookies only in packages of 10. it costs him $3.50 in materials per package. additionally, he has overhead costs of $1,500 per month. in order to pay himself a monthly salary of $5,000, how many packages of cookies does charlie need to sell per month at $10 per package? a) 800 b) 872 c) 1,000 d) 1,567

Answer

Explanation:

Step1: Calculate total monthly cost

The total monthly cost is the sum of overhead costs and the desired salary. So, $1500 + 5000=6500$.

Step2: Calculate profit per package

The selling - price per package is $10$ and the cost per package is $3.50$. So the profit per package is $10 - 3.50 = 6.50$.

Step3: Calculate number of packages

Let the number of packages be $x$. We know that total profit (which should cover the total cost) is given by the profit per package times the number of packages. So, $x=\frac{6500}{6.50}=1000$.

Answer:

C. 1,000