The manager of an e-learning company identified a new course that they could create and sell for
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Question:
The manager of an e-learning company identified a new course that they could create and sell for $95 per student. The costs for adding this new course to their product offering would be: $2,400 per month to lease additional space, $320 per month for insurance, $5,300 per month for support staff, $3,700 per month for sales staff, and variable costs of $5 per student. They can sell to a maximum of 750 students per month.
a. For the company to break even per month, how many students would have to purchase the course?
b. If they made a profit of $33,550 last month, how many students purchased the course?
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