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Hannah Byers and Kathleen Taylor are considering the possibility of teaching swimming to kids during the summer. A local swim club opens its pool at noon each day, so it is available to rent during the morning. The cost of renting the pool during the 10-week period for which Hannah and Kathleen would need it is $1,700. The pool would also charge Hannah and Kathleen an admission, towel service, and lifeguarding fee of $7 per pupil, and Hannah and Kathleen estimate an additional $5 cost per student to hire several assistants. Hannah and Kathleen plan to charge $75 per student for the 10-week swimming class.

(a) How many pupils do Hannah and Kathleen need to enroll in their class to break even?
(b) If Hannah and Kathleen want to make a profit of $5,000 for the summer, how many pupils do they need to enroll?
(c) Hannah and Kathleen estimate that they might not be able to enroll more than 60 pupils. If they enroll this many pupils, how much would they need to charge per pupil in order to realize their profit goal of $5,000?

Respuesta :

Answer:

(a) 26 enrolls

(b) 93

(c) $116.3

Explanation:

No. of students required to cover rental charges:

= $1,700 ÷ $75 (charge per student)

= 22.6

= 23

Other charges $7 per pupil for 23 pupils it will charge:

= $7 × 23

= $161

For hiring assistants it cost $5 per child for 23 kids it will charge:

= $5 × 23

= $115

Total charges incurred for 23 kids:

= $1,700 + $161 + $115

= $1,976

(a) For break even situation molly and Kathleen need 26 enrolls .

(b) Expenses + profit margin

= $1,976 + $5,000

= $6,976

No. of enrolls required to make $5,000 profit:

= $6,976 ÷ 75

= 93

(c) Amount to be charged to make $5000 profit:

= $6,976 ÷ 60

= $116.3