Assignment:
During the summer, a group of students builds kayaks in a converted garage. The rental for the garage is $1,500 for the summer, and the materials needed to build a kayak cost $125. The kayaks can be sold for $275 apiece.
a) How many kayaks must the students sell to break even?
b) How many kayaks must the students sell to make a profit of at least $1,000?
Provide complete and step by step solution for the question and show calculations and use formulas.