Question

3) Lacie decides to start a small business making monogrammed towels. She can set aside $3,020 for monthly costs. Fixed costs are $1,850 per month and variable costs are $1 per set of towels. How many sets of towels can she afford to make per month?

Answer 1

Answer: 1170 towels

Explanation:

Let x be the no. of towels that can be made in a month

The equation for total cost then becomes,

3020 = 1850 + 1x
1170 = 1x

x = 1170 towels