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Algebra, Percent and Interest Problems

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by swerve » Fri Nov 08, 2024 7:07 am

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A

B

C

D

E

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Greg’s Goosebumps produces Halloween items. Greg’s production costs consist of annual fixed costs totaling \(\$120,000\) and variable costs averaging \(\$4\) per item. If Greg’s selling price per item is \(\$20,\) how many items must he produce and sell to earn an annual profit of \(\$200,000?\)

A. \(20,000\)
B. \(15,000\)
C. \(3,333\)
D. \(5,000\)
E. \(1,333\)

The OA is A
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Source: — Problem Solving |