Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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5. Daniel is planning to earn money over the summer mowing lawns in the neighborhood to buy a scooter. The scooter he wants costs $2,200. He will be charging $19.1/lawn and estimates his costs to be $2.7/lawn. How many lawns must he mow in order to pay for the scooter entirely through his earnings?
a.
115.18
b.
None of the other options.
c.
-134.15
d.
134.15
e.
112.48
f.
2562.20
Expert Solution
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Step 1
Given:
fixed cost | 2200 |
SP | 19.1 |
variable cost | 2.7 |
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