Question: . QUESTION 1 (10 MARKS) Omar and Faris are considering opening an archery class to kids during school holiday. An archery club opens its facility

. QUESTION 1 (10 MARKS) Omar and Faris are

. QUESTION 1 (10 MARKS) Omar and Faris are considering opening an archery class to kids during school holiday. An archery club opens its facility in weekdays, so it is available to rent during weekends. The cost of renting the facility during the 3-weeks period is RM1,700. The facility management also charge Omar and Faris an admission and insurance fee of RM 7 per student, and Omar estimate an additional of RM 5 cost per students to hire a few coaches. Omar and Faris plan to charge RM 75 per students for the 3-weeks archery class. Answer the following questions: a. Identify the number of students Omar and Faris must lock to achieve the equilibrium point. (2 marks) b. Determine the number of students Omar and Faris need to register, if they wish to gain profit of RM 5,000 within the 3-weeks. (4 marks) c. According to Omar and Faris, they may be unable to sign up more than 60 students. Calculate how much they will have to charge each student to meet their RM 5000 profit objective if they enroll this many students. (4 marks)

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