Posted by bkone on October 04, 2002 at 19:03:17:
I am having a real difficult time trying to understand these problems when they are in a story problem type scenerio. Here is my problem I am really needing help with:
A sporting goods company can produce a football for $12. The daily fixed costs are $720, and the company plans to sell each football for $20.
The question is: What is the profit or loss if 200 balls are sold in a day? and What is the profit or loss for 300 footballs? How many balls must they sell to produce a daily profit of $200?
Could you also give me a quick summary on how you figured it out if you respond so I can try it on the others I have? Thanks
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