Question

1. Caleb owns a used book shop, charging $8 for each used book that he sells. It costs him $3.50 for each used book and $0.16 per bag. In addition, he spends $1150 on rent, $92 on electricity, and $2240 on labor costs each month. Analyze Caleb's business by answering the following questions. (5 points: Part I - 1 point; Part II - 1 point; Part III - 1 point; Part IV - 1 point; Part V - 1 point) Part I: What is Caleb's unit cost per used book that he sells

Answer 1

Answer: $3.66 per book

Step-by-step explanation:

Every book that Caleb sells costs him $3.50 and he puts it in a bag that costs $0.16.

Units cost per used book is therefore:

= Unit cost of book + bag cost

= 3.50 + 0.16

= $3.66 per book