Travis's Fun Sock Factory is a company that manufactures and sells crazy socks with fun designs. The maximum number of pairs of socks Travis's Fun Sock Factory can usually produce per day is 715, but due to a broken machine, can now only produce 40% of that amount. Electricity and rent (which are the same every day regardless of production) are $73 and $1738 respectively. If it costs Travis $2.50 to produce a pair of socks, what would be his breakeven price per pair?

Travis's Fun Sock Factory is a company that manufactures and sells crazy socks with fun designs. The maximum number of pairs of socks Travis's Fun Sock Factory can usually produce per day is 715, but due to a broken machine, can now only produce 40% of that amount. Electricity and rent (which are the same every day regardless of production) are $73 and $1738 respectively. If it costs Travis $2.50 to produce a pair of socks, what would be his breakeven price per pair?

Travis's Fun Sock Factory is a company that manufactures and sells crazy socks with fun designs. The maximum number of pairs of socks Travis's Fun Sock Factory can usually produce per day is 715, but due to a broken machine, can now only produce 40% of that amount. Electricity and rent (which are the same every day regardless of production) are $73 and $1738 respectively. If it costs Travis $2.50 to produce a pair of socks, what would be his breakeven price per pair?



A. $3.53

B. $7.09

C. $8.83

D. $5.03

E. $15.83



Answer: C


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