Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Brett wants to sell throw blankets for the holiday season at a local flea market. Brett purchases the throws for $15 and sells them to his customers for $35. The rental space is fixed fee of $1,800 for the season. Assume there is no leftover value for unsold units. If he orders 220 and demand is 160, what is the payoff

Sagot :

Answer: $500

Explanation:

The payoff will be calculated thus:

Revenue = Unit demanded × Selling price = 160 × $35 = $5600

Expenses will be:

= Total purchase expense + Rent

= (220 × $15) + $1800

= $3300 + $1800

= $5100

Payoff will now be:

= Revenue - Expense.

= $5600 - $5100

= $500

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.