Assignment:
I recently opened a specialty pizza business. I can sell my specialty pizzas for $15. The cost for making the pizzas includes a fixed cost of $55. And a labor cost of $4.00 per pizza.
Q1. Create an equation to determine revenue.
Q2. Create an equation to determine total cost.
Q3. How many pizzas must be sold to break even (i.e., you experience neither a profit nor a loss)? Interpret your result. If the formula for profit is (P = R - C).
Q4. Determine the profit if 500 specialty pizzas is are sold. Interpret your result
Q5. How many specialty pizzas would need to be sold to make a profit of $1100.00? Interpret your result.
Q6. How many specialty pizzas would you need to sell if you wanted to make a profit greater than $1,595? Interpret your result.
Q7. Create slope-line graph, Interpret your results.
Provide complete and step by step solution for the question and show calculations and use formulas.