Math Problem Statement
A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copy editing, typesetting, and so on) at $54,000, and variable costs (printing, paper, binding, shipping) at $1.30 for each book produced. If the book is sold to distributors for $15 each, how many must be produced and sold for the publisher to break even?
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Break-even Analysis
Linear Equations
Formulas
Break-even point (in units) = Fixed Costs / (Price per Unit - Variable Cost per Unit)
Theorems
Break-even theorem
Suitable Grade Level
Grades 9-12