A hot dog stand operator wants to add a snow cone machine to his business. He anticipates that the snow cone machine will cost $500 and will last for 2 years before he needs to purchase a new one. Each snow cone he sells will incur variable costs of $0.50. If each snow cone sells for $2.50, how many snow cones would he have to sell each year for the machine to be worth the purchase?

Answer rating: 100% (QA)

To determine the number of snow cones the operator needs to sell each ye... View the full answer