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17 November, 13:34

Several students have a really great business plan and decide to start a graphic T-shirt company. After initial expenses of $280, they will purchase each

T-shirt wholesale for $3.99. They will then sell the each shirt for $10.99. How many must they sell to break even?

a.

25 shirts

b.

70 shirts

c.

40 shirts

d.

18 shirts

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Answers (1)
  1. 17 November, 16:37
    0
    Let x be the number of shirts they need to break even, then

    280 + 3.99x = 10.99x

    10.99x - 3.99x = 280

    7x = 280

    x = 280/7

    x = 40

    Therefore, they need to sell 40 shirts to break even.
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