Problema Solution
ABC Sporting Goods Company produces baseball gloves. Their fixed monthly production cost is $8,000 with a per glove cost of $5. XYZ Sporting Goods Company also produces baseball gloves. Their fixed monthly production cost is $10,000 with a per glove cost of $3. Find the value of x, the number of gloves produced monthly, so that the total monthly production cost is the same for both companies.
Answer provided by our tutors
let x = the number of gloves produced monthly
8,000 + 5x = 10,000 + 3x
by solving we find
x = 1,000 gloves
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the number of gloves produced monthly is 1,000 gloves.