You run a business selling used hand tools. The rent on your building is $1400/month. Utilities average $600 month. Your average cost to buy your used hand tools from a wholesaler is 59.5/tool. You spend S0.50/tool to package and individually price them. You have two employees in your store during the opening hours that sell the tools. Each employee gets a salary of $12/hour. four store is open 10 hours/day, every day of the week. Over the course of a year, this averages ut to 30 days/month. The average selling price for a used tool is $22. How many tools per month must be sold to make $4000 profit each month

You run a business selling used hand tools. The rent on your building is $1400/month. Utilities average $600 month. Your average cost to buy your used hand tools from a wholesaler is 59.5/tool. You spend S0.50/tool to package and individually price them. You have two employees in your store during the opening hours that sell the tools. Each employee gets a salary of $12/hour. four store is open 10 hours/day, every day of the week. Over the course of a year, this averages ut to 30 days/month. The average selling price for a used tool is $22. How many tools per month must be sold to make $4000 profit each month

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Production And Costs

Section8.2: Two Sides To Every Business Firm

Problem 4ST

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