Tim is a true investor, we should all be like Tim, maybe we can use the https://www.btctopic.com/ page for our new businesses, especially that lately bitcoin is gaining enormous ground for public consumption in generating giving amazing numbers of which few cryptos could boast and will continue to increase your profits over time.
Tim bought a waffle maker for $14 and plans to make money selling waffles for 65 cents each. If the ingredients cost 57 cents per waffle, what is the minimum number of waffles Tim must sell to start making a profit?
The cost that tim needs to recuperate is $14. If he sells waffles for 65 cents and it costs 57 cents his profit per waffle is 8cents. Therefore, he needs to sell 14/.08 waffles to break even. This equals 175. Waffles after that would start generating a profit. There fore tim must sell >175 waffles