SOLUTION: $15 = Price item is sold for. $55 = Cost to produce item $4 = Labor cost Question: How many items need to be sold to make a profit of $1100 and how many sold to profit greater

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: $15 = Price item is sold for. $55 = Cost to produce item $4 = Labor cost Question: How many items need to be sold to make a profit of $1100 and how many sold to profit greater      Log On

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Question 400535: $15 = Price item is sold for.
$55 = Cost to produce item
$4 = Labor cost
Question:
How many items need to be sold to make a profit of $1100 and how many sold to profit greater than $1595?

Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!
If you sell for $ 15
and the total cost/item = $59
how can you ever make a profit?