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A toy maker needs to make 17 235 per month to meet his costs. Each toy sells for 45. How many toys does he need to sell in order to break even (meet his costs)?
Wiki User
∙ 7y ago
I assume the figure he needs to "make" is the turnover and not the marginal profit - no indication of the cost of the toys he sells is given so it is impossible to work out the marginal profit of the each toy sold. (Though how the toymaker worked out the turnover required without knowing the cost of the toy is beyond me - though that didn't stop British Leyland pricing their best selling Mini in the 1970s.)
In this case divide the income required by the price of each toy, but as the income must be at least the required amount, any fractional part of a toy must be rounded *UP* to the next whole number.
17,235 ÷ 45 = 383 (so no rounding is needed).
He needs to sell 383 toys (made at zero marginal cost).
Wiki User
∙ 7y ago
Wiki User
∙ 7y agoI applaud the effort to make math seem like it relates to real life, but this is not at all how business works. His costs are NOT going to be a fixed amount regardless of the number of toys he makes, and he can't sell more toys than he makes (unless he's got a bunch of inventory stockpiled in a warehouse somewhere).
That aside, the question as asked: divide $17,235 by $45 (hey, it's your homework, you gotta do SOMETHING yourself).
If it's not a whole number, then round up (always, even if it's just a tiny amount over a whole number). That's how many toys he needs to sell to meet his "nut" (the $17,235 in expenses mentioned in the problem).
Wiki User
∙ 7y ago383 toys.
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Ann plans to save 740 every month for four years so that at the end of the four years she will have exactly enough money to buy her dream car after 18 months of saving she finds a different dream car?
Answer : 1518.00 Explanation: 1) She wanted to save $740 a month for four years (48 month). That is 48*740= 35520. 2)After 18 month , when she already had $13320 (18*740=$13320), she found a new car that is $3984 cheaper. 3)So, the new car costs $35520- 3984 = $31536 4)Since she already have $13320, all she needs is $18216 (31536-13320) to buy the new car. 5)$18216 / 12 month = $1518 needed a month for 1 year to save needed amount.
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