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