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If fixed costs to print a certain Bible are $15,000 and
variable costs are $25 per Bible, what must be the selling
price to earn $10 per Bible if 5,000 Bibles are printed?

Respuesta :

noodlepapi9466
Answer:
$35 per bible

Explanation
15,000+25x=?
15,000+25(5,000)=?
15,000+125,000=?
140,000 - minimum price
10•5,000=?
50,000 - the additional cost for profit
125,000+50,000=?
175,000 - the price for production as a whole
175,000/5,000=?
$35 per bible
Or instead of all this work just add the $10 for profit to the $25 for production
anthougo

The selling price to earn $10 per Bible if 5,000 Bibles are printed when the fixed costs per print is $15,000 and variable costs are $25 per Bible, is $38.

What is target profit?

The target profit is the profit that is expected by a manufacturer from the sale of its product.

The target profit can be established and used to determine the selling price.

When the target profit is added to the fixed cost per unit and the variable cost per unit, the resultant figure is the selling price.

Data and Calculations:

Fixed costs per print = $15,000

Number of Bibles per print = 5,000

Fixed costs per Bible = $3 ($15,000/5,000)

Variable costs per Bible = $25

Expected profit per Bible = $10

The selling price = $38

Thus, the selling price to earn $10 per Bible if 5,000 Bibles are printed when the fixed costs per print is $15,000 and variable costs are $25 per Bible, is $38.

Learn more about determining the selling price at https://brainly.com/question/1153322

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