If fixed costs to print a certain Bible are \( \$ 15,000 \) and variable costs are \( \$ 25 \) per Bible, what must be the selling price to earn \( \$ 10 \) per Bible if 5,000 Bibles are printed?

To determine the selling price per Bible that allows you to earn a profit of \$10 per Bible when printing 5,000 Bibles, follow these steps: 1. **Calculate Total Fixed Costs:** \[ \text{Fixed Costs} = \$15,000 \] 2. **Calculate Total Variable Costs:** \[ \text{Variable Cost per Bible} = \$25 \\ \text{Total Variable Costs} = \$25 \times 5,000 = \$125,000 \] 3. **Determine Total Cost:** \[ \text{Total Cost} = \text{Fixed Costs} + \text{Total Variable Costs} = \$15,000 + \$125,000 = \$140,000 \] 4. **Calculate Desired Total Profit:** \[ \text{Desired Profit per Bible} = \$10 \\ \text{Total Desired Profit} = \$10 \times 5,000 = \$50,000 \] 5. **Determine Required Total Revenue:** \[ \text{Total Revenue} = \text{Total Cost} + \text{Total Desired Profit} = \$140,000 + \$50,000 = \$190,000 \] 6. **Find the Selling Price per Bible:** \[ \text{Selling Price per Bible} = \frac{\text{Total Revenue}}{\text{Number of Bibles}} = \frac{\$190,000}{5,000} = \$38 \] **Conclusion:** You must set the selling price at **\$38 per Bible** to achieve a profit of \$10 per Bible when printing 5,000 Bibles.