Homework Answers
New Variable cost per walk= 8.5 + 0.85 = $9.35 per walk
Answer 5
Profit = Revenue - Cost
Lets 'z' be the number of walks needed to reach $1000/month
profit
Then , 1000 = 15*z - (350 + (9.35*z) = 5.65z - 350
=> z = (1000-350 )/5.65 = 115.04 or 115 walks (per
month) needed to reach $1000/month profit
Answer 6
For the same number of walks, if H&S want ot increase their
profit to $2000, then let 'p' pe the new selling price
Profit = Revenue - Cost
=> 2000 = p*115.04 - (350 + (9.35*115.04) = p*115.04 -
1425.62
=> p = 3425.62/115.04 = $29.78
The new price would be $29.78 per walk
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