Sam sells necklaces for $10 each. Each necklace costs her $5 to make. She also has $5,000 in fixed costs per year for her jewelry business. How many necklaces must she sell in order to make a profit of $1,000 in one year.
The answer is 200. You have to figure out how much the profit is per necklace (10-5=5) and then take the profit of $1,000 and divide that by 5 and you get 200
