A Chocolate Factory sells a box of choclate for $14 each. The total cost consists of a fixed overhead of $3600 per month plus production costs of $8 per chocolate box. Find the break even point.
Please help. Thanks
This is not an Advanced Probability and Statistics problem.
. . It more like Algebra 1.
A chocolate factory sells a box of chocolates for $14 each.
The total cost is a fixed overhead of $3600 per month plus production costs of $8 per box.
Find the break-even point.
Let = number of boxes of chocolates.
At $14 per box, Total Revenue: . dollars.
The production cost per box is $8: . dollars, plus a fixed cost of
. . Total Cost: . dollars.
The break-even point occurs when Total Revenue equals Total Cost.
. . Solve: .