Problema Solution
You really want to add nachos to your menu and feel that you'll sell 10 units a night at $8.95 with a food cost of $2.87 each. Your graphic designer will charge you $50 to make the change and $100 to print new menus. How long will it take you to recoup the design and printing costs?
Answer provided by our tutors
Let 'x' represent the number of days (nights) needed to recoup the costs.
This means:
x*10*(8.95 - 2.87) = 50 + 100
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click here to see the equation solved for x
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x = 2.5 days
It will take 3 days to recoup the design and printing costs.