Problema Solution
A retailer incurs a fixed cost of $330 when purchasing sugar for his stock. He pays $15 per packet of sugar and resells at $18 per packet. How many oackets should he purchase and sell in order to break even?
Answer provided by our tutors
cost = sale ( break even)
let him by x packets
5x+330 = 18x
18x-15x=330
3x=330
/3
x=110 packets