SOLUTION: How many microwave ovens will the following manufacturing company need to sell in order to make a profit of $300,000 this year? Yearly fixed costs: $4

Question 62404: How many microwave ovens will the following manufacturing company need to sell in order to make a profit of $300,000 this year? Yearly fixed costs: $400,000
Cost to make each microwave oven: $85
Selling price of each microwave oven: $199

Answer by 303795(602) (Show Source): You can put this solution on YOUR website!
The extra profit made by selling each microwave is 199 - 85 = $114.
When the fixed costs are also taken into account the formula to find the actual profit is

If this is to generate a profit of 300 000 then
Add 400 000 to each side of the equation

Divide each side of the equation by 114

Microwaves = 6140.3

Round up to 6141 microwaves
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