Chambers Ortiz
12/26/2023 · Senior High School
14. Magazine Kiosk. The rent on a magazine kiosk is \( \$ 225 \) per month, and the kiosk is open 6 days per week. Suppose that the selling price of each magazine is \( \$ 2.50 \), and the wholesale cost of a magazine when purchased by the retailer is \( \$ 1.00 \). (a) If the kiosk owner needs to make a profit of \( \$ 1,200 \) per month, how many magazines must he sell every day? (b) What profit would the owner make if he sells 900 magazines per month?
UpStudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
(a) The owner must sell 37 magazines per day.
(b) The profit from selling 900 magazines would be $1,125.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit