8. Mary Catacutan and Pedro Perez are considering the possibility of teaching swimming to kids during the summer. A local swim club opens its pool at noon each day, so it is available to rent during the morning. The cost of renting the pool during the 10-week period for which Mary and Pedro would need it is P1,700. The pool would also charge Mary and Pedro an admission, towel service, and life guarding fee of P7 per pupil, and Mary and Pedro estimate an additional P5 cost per student to hire several assistants. Mary and Pedro plan to charge P75 per student for the 10-week swimming class. a. How many pupils do Mary and Pedro need to enroll in their class to break even? b. If Mary and Pedro want to make a profit of P5,000 for the summer, how many pupils do they need to enroll? c. Mary and Pedro estimate that they might not be able to enroll more than 60 pupils. If they enroll this many pupils, how much would they need to charge per pupil in order to realize their profit goal of P5,000?

8. Mary Catacutan and Pedro Perez are considering the possibility of teaching swimming to kids during the summer. A local swim club opens its pool at noon each day, so it is available to rent during the morning. The cost of renting the pool during the 10-week period for which Mary and Pedro would need it is P1,700. The pool would also charge Mary and Pedro an admission, towel service, and life guarding fee of P7 per pupil, and Mary and Pedro estimate an additional P5 cost per student to hire several assistants. Mary and Pedro plan to charge P75 per student for the 10-week swimming class. a. How many pupils do Mary and Pedro need to enroll in their class to break even? b. If Mary and Pedro want to make a profit of P5,000 for the summer, how many pupils do they need to enroll? c. Mary and Pedro estimate that they might not be able to enroll more than 60 pupils. If they enroll this many pupils, how much would they need to charge per pupil in order to realize their profit goal of P5,000?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 20DQ

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