Anna operates a consignment shop where she sells cloths for women and children. The average consignments sold per month is 1000. The average material cost and the selling price of each consignment is $8 and $20, respectively
The monthly fixed cost to run this business is given below:
Rental cost: $750 Utilities: $150 Advertising: $35 Insurance: $100 Labor cost: $4000
Use a two-way data table to show profit changes as a function of different number of consignments sold per month and different material costs. Vary the number of consignments from 400 to 1200 in increments of 100. The eight different material costs are $5.45, $6.23, $6.95, $7.54, $8.23, $8.88, $9, and $9.45.
b. Let R - Rental cost
U - Utilities
A - Advertising
I - Insurance
L - Labor cost
M - Material cost per consignment
C - Consignments sold per month
S - Selling price
Profit = (C × S) - ((M × C) + (R + U + A + I + L))
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