Question

Party trays, which cost $14.00 to make not including labor, are sold for $35.00. If two people work 8-hour shifts making the trays at $7.00 per hour, how many trays must be sold to cover all costs including labor?

Answer 1

I'm pretty sure it's (5)

Explanation:

`14 * 8 = 112`

`7 * 8 = 56`

`112 + 56 = 168`

`168 / 35 = 4.8`

So approximately 5 trays to cover the cost.

I hope this helps: )

Please let me know if I'm correct.

Answer 2

5.33 trays must be sold to cover all costs including labor...

Explanation:

We have given:

Party trays, which cost $14.00 to make not including labor, are sold for $35.00.

Profit on party trays excluding labour cost = $35 - $14 = $21

Now we will find total labor cost for making party tray for a day

Total labor hours * wages per hour* No. of labors

= $7 * $8*2

= $112

Therefore to find how many trays must be sold to cover all costs including labor just divide total labour cost for making party tray for a day by profit on party trays excluding labour cost.

= $112/$21

= 5.33

It means 5.33 trays must be sold to cover all costs including labor...