Problema Solution
a small juice company spends $1200 per day on business expenses plus $1.10 per bottle of juice they make. They charge $2.50 for each bottle of juice they produce. How many bottles of juice must the company sell in order to equal its daily costs?
Answer provided by our tutors
Amount spent per day:
1200+1.10n
where 'n' is the number of bottles of juice that they make
net profit per bottle of juice:
profit=2.50-1.10=$1.40
daily net profit=1.4n
where 'n' is the number of bottles of juice that they sell (we assume that this is the same as what is made)
To equal its daily costs, '1200+1.10n' must equal the daily net profit. we can write:
1200-1.1n=1.4n
Using Algebrator to solve for 'n', we get:
n=480
Therefore, they must sell 480 bottles.