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Math Help - Please help: cost equation and revenue equation

  1. #1
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    Please help: cost equation and revenue equation

    You start up a business. You find that it cost you $20000 to get all the equipment you need to start the company. Each item that you produce costs $7.50 to produce. You charge $16 for each item that you sell.

    Write the cost equation and the revenue equation for this situation. How many items represent your break even point?

    -Corey

    Thanks Please help ASAP.
    Last edited by mr fantastic; October 16th 2009 at 02:45 PM. Reason: Changed post title
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  2. #2
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    Quote Originally Posted by Cohrey View Post
    You start up a business. You find that it cost you $20000 to get all the equipment you need to start the company. Each item that you produce costs $7.50 to produce. You charge $16 for each item that you sell.

    Write the cost equation and the revenue equation for this situation. How many items represent your break even point?

    -Corey

    Thanks Please help ASAP.
    whr r u stuck?
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  3. #3
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    Ya i Am..

    Can u plz help..?
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  4. #4
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    Quote Originally Posted by Cohrey View Post
    Can u plz help..?
    well this q is straight fwd

    cost = 20000 + 7.5x
    where x is number of items produced.
    20000 - Fixed cost
    7.5x - Variable cost

    Now write down the revenue equation.

    And find the breakeven point.
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