Answer:
The company has to sell 30,000 sets.
Step-by-step explanation:
Cost of each set = $5
Sale of each set = $7
Profit on each set = $7 - $5 = $2
Let
Number of sets = x
Profit on x number of sets = ($2) · x
Recovery of initial investment = $45,000
Additional profit = $15,000
Total Profit desired = $45000 + $15000 =$60,000
Which means that we have to find the number of sets sold, which can earn us a total profit $60,000, from which $45000 are the recovery of initial investment and $15000 are additional profit.
We can conclude that:
Profit on x number of set = Total profit desired
($2) · x = $60,000
x = $60,000 / $2
x = 30,000 sets
