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Sally is starting a crafting business. According to her business p
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Updated on: 16 Mar 2025, 04:17
Updated on: 16 Mar 2025, 04:17
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83% (03:12) wrong based on 18 sessions
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Sally is starting a crafting business. According to her business plan each crafting station generates $1,000 / week in revenue, with 70% of that spent on employees and supplies. If her initial investment is $250,000 to start her business and she spends $4,500 per month on building costs, what is the minimum number of crafting stations she must have in order to recoup her initial investment in 2 years?
A. 6
B. 12
C. 13
D. 20
E. 41
A. 6
B. 12
C. 13
D. 20
E. 41
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Re: Sally is starting a crafting business. According to her business p
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16 May 2024, 01:48
16 May 2024, 01:48
1
I'm not sure that my reasoning is correct, but here is what I got.
On building she will spend 4500*24 months = $108 000
We add that to the initial investment: 250 000 + 108 000 = 358 000 total to recoup
Every week she earns 30% of 1000, which is $300. There are approximately 104 weeks in two years, so her earnings from one station in two years will amount to 104*300 = $31200
358 000 divided by 31200 = approximately 12 stations
On building she will spend 4500*24 months = $108 000
We add that to the initial investment: 250 000 + 108 000 = 358 000 total to recoup
Every week she earns 30% of 1000, which is $300. There are approximately 104 weeks in two years, so her earnings from one station in two years will amount to 104*300 = $31200
358 000 divided by 31200 = approximately 12 stations
Re: Sally is starting a crafting business. According to her business p
[#permalink]
16 May 2024, 03:20
16 May 2024, 03:20
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