Sam sells necklaces for 10 each Each necklace costs her 5 to

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? 200 600 1200 100

Solution

Lets assume she sells x no. of necklaces

So, total cost = 5x + 5000

Total selling price of x necklaces = 10x

Profit = total Selling price - total cost price

1000 = 10x - ( 5x +5000)

1000 = 5x - 5000

5x = 6000

x = 1200 necklaces

Option c