Question 8 of 16 The manager of an e-learning company identified a new course that they could create and sell for $95 per student. The costs for adding this new course to their product offering would be: $2,300 per month to lease additional space, $330 per month for insurance, $5,300 per month for support staff, $3,600 per month for sales staff, and variable costs of $4 per student. They can sell to a maximum of 400 students per month. a. For the company to break even per month, how many students would have to purchase the course? Round up to the next whole number b. To make a profit of at least $34,070 in a month, what is the smallest number of course purchases needed?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter7: Systems Of Equations And Inequalities
Section7.2: Systems Of Linear Equations: Three Variables
Problem 61SE: Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one...
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Question 8 of 16
The manager of an e-learning company identified a new course that they could create and sell for $95 per student.
The costs for adding this new course to their product offering would be: $2,300 per month to lease additional space,
$330 per month for insurance, $5,300 per month for support staff, $3,600 per month for sales staff, and variable costs
of $4 per student. They can sell to a maximum of 400 students per month.
a. For the company to break even per month, how many students would have to purchase the course?
Round up to the next whole number
b. To make a profit of at least $34,070 in a month, what is the smallest number of course purchases needed?
Transcribed Image Text:Question 8 of 16 The manager of an e-learning company identified a new course that they could create and sell for $95 per student. The costs for adding this new course to their product offering would be: $2,300 per month to lease additional space, $330 per month for insurance, $5,300 per month for support staff, $3,600 per month for sales staff, and variable costs of $4 per student. They can sell to a maximum of 400 students per month. a. For the company to break even per month, how many students would have to purchase the course? Round up to the next whole number b. To make a profit of at least $34,070 in a month, what is the smallest number of course purchases needed?
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