Josephine started a business selling cosmetics. She spent $4500 to obtain her merchandise, and it costs her $200 per week for general expenses. She earns $550 per week in sales. What is the minimum number of weeks it will take for Josephine to make a profit?
Net gain/loss for a week = earn money - spent money, 550-200 = 350
By that amount of profit, it will take, 4500/350 =12.8
So, minimum 13 weeks, it will take for Jose to make a profit.
Answer:
It will take a minimum of 13 weeks before Josephine makes a profit.
Step-by-step explanation:
Let it takes w weeks for Josephine to make profit.
So, her weekly sales over 550 is shown as 550w.
And we can represent her up front and weekly costs over w weeks as: \(4500+200w\)
Now, we need to know when:
\(550w >(4500+200w)\)
Solving for w:
\(550w-200w>4500\)
=>\(350w>4500\)
w>12.85
Means w should be at least 13.
Hence, It will take a minimum of 13 weeks before Josephine makes a profit.