Imagine that you are planning to open a small clothing store that sells designer jeans. You are anxious to make your first sale, but as a person who has strong business sense, you know there are management tasks to deal with long before you greet your first customer. Many of these tasks involve the financial health of the business. To better understand and plan for your financial future, it will be important for you to interpret different kinds of algebraic functions.
h. Suppose that the fixed costs for your clothing store are b = $10,000. Materials required to make each pair of jeans cost
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h. Suppose that the fixed costs for your clothing store are b = $10,000. Materials required to make each pair of jeans cost $24. What unit price must you establish for each pair of jeans to create a break-even point at 250 units? Leave the commission function N(x) as is.
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So if since each pair of jeans costs $24 to make we can say this is 24x so x represents the number of jeans made
It takes $10000 to get it started
y would be the total cost but N(x) can be used instead if that is what it is asking
To find the total cost there is 250units so if you put that in as x you can find the total cost.
This will give you the total cost
To break even you have to determine how much each pair of jeans will cost
Where C is what she has to charge for each pair of jeans to break even
And y is the total cost found in the previous step