Math Problems Set 1
114 : Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted
shirts for special occasions. Since she has just begun this operation, she rents the
equipment from a local printing shop when necessary. The cost of using the equipment is
$350. The materials used in one shirt cost $8, and Gina can sell these for $15 each.
(a) If Gina sells 20 shirts, what will her total revenue be? What will her total
variable cost be?
(b) How many shirts must Gina sell to break even? What is the total revenue for
this?
115 : Ray Bond sells handcrafted yard decorations at county fairs. The variable cost to
make these is $20 each, and he sells them for $50. The cost to rent a booth at the fair is
$150. How many of these must Ray sell to break even?
116 : Ray Bond, from Problem 115, is trying to find a new supplier that will reduce his
variable cost of production to $15 per unit. If he was able to succeed in reducing this cost,
what would the breakeven point be?
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 Spring '10
 miss.huda
 Math, Schweizer SGU 17, Schweizer SGU 119

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