Several students have a really great business plan and decide to start a graphic T-shirt company. After initial expenses of \$280, they will purchase each T-shirt wholesale for \$3.99. They will then sell the each shirt for \$10.99. How many must they sell to break even? a. 25 shirts b. 70 shirts c. 40 shirts d. 18 shirts
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Several students have a really great business plan and decide to start a graphic T-shirt company. After initial expenses of \$280, they will purchase each T-shirt wholesale for \$3.99. [ They will then sell the each shirt for \$10.99. 280+3.99x=10.99x; 280=10.99x-3.99x; 280=7x; x=280/7; x=40. Therefore, they will need to sell c. 40 shirts to break even. ]
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