document.write( "Question 775720: You are setting up a part-time business with an initial investment of $12,000. The unit cost of the product is $11.50, and the selling price is $19.50. How many units would yield a profit of $1000? \n" ); document.write( "
Algebra.Com's Answer #473096 by psbhowmick(878)![]() ![]() You can put this solution on YOUR website! Let the no. of units = N.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Total cost price = Initial investment + Unit cost price x No. of units = $(12000+11.5N).\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Total sale price = Unit sale price x No. of units = $19.5N\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Profit = Total sale price - Total cost price\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "1000 = 19.5N - (12000+11.5N) \n" ); document.write( "1000 = 8N - 12000 \n" ); document.write( "8N = 13000 \n" ); document.write( "N = 1625\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So 1625 units must be produced to earn a profit of $1000. \n" ); document.write( " |