Math Problem Statement
Solution
The problem asks to find how many items must be sold to break even given the cost function and the revenue function .
To break even, the cost must equal the revenue. Therefore, we set :
Now, solve for :
Since the question asks for the number of items sold (which must be a whole number), round up to the nearest whole number:
Therefore, 15 items must be sold to break even.
Would you like more details on any step?
Here are 5 related questions you might find helpful:
- How do we define the break-even point in business?
- What does the slope of the cost function represent in this scenario?
- How does the fixed cost of 100 affect the break-even point?
- What would happen if the price per item (in revenue) changes?
- How would we calculate profit if more than 15 items are sold?
Tip: Always check whether rounding is necessary when working with quantities of items, as fractional items usually don't make sense in practical terms.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Linear Equations
Break-even Analysis
Formulas
C(x) = 15x + 100
R(x) = 22x
Theorems
Break-even point occurs when cost equals revenue.
Suitable Grade Level
Grades 9-10
Related Recommendation
Break-Even Point Calculation for Cost and Revenue Functions
Break-Even Analysis for Linear Cost and Revenue Functions
Revenue and Cost Functions with Break-Even Point Calculation
Break-even Analysis: Revenue, Cost, and Profit Functions for Sales Volume
Break-Even Analysis with Cost and Revenue Functions for Radios