Thread: Breakeven point

A company has researched their market and found that they can market as many items at $1.37 each as they can produce in a day. If the Cost is C = $1.05x + $300, find the breakeven point.

Originally Posted by tamaram1120

A company has researched their market and found that they can market as many items at $1.37 each as they can produce in a day. If the Cost is C = $1.05x + $300, find the breakeven point.

So if they manufacture x items they can sell them at $1.37 and make a gross profit of 1.37x dollars.

The "break even point" is when their gross profit equals their cost:
Solve 1.05x+ 300= 1.37x.