Algebra: A Combined Approach (4th Edition)

Published by Pearson
ISBN 10: 0321726391
ISBN 13: 978-0-32172-639-1

Chapter 4 - Group Activity - Break-Even Point - Page 323: 1

Answer

Answers may vary (for parts a-f).

Work Step by Step

a) One such business could be a laundry business for students on campus. b) The fixed costs of this business would be for a business license (estimated at 750 dollars) and ten washing and drying machines (estimated at a total of 10,000 dollars). c) The variable costs of this business would be for bags (a dollar per load), soap (.25 dollars per load), water (.25 per load), and electricity (.25 per load). d) We would charge 5 dollars per load. e) $10750+1.75x =y$ $5x= y$ f) 3,308 loads to break even $10750+1.75x=y$ $5x=y$ $10750+1.75x=5x$ $10750+1.75x-1.75x=5x-1.75x$ $10750 = 3.25x$ $10750/3.25=3.25x/3.25$ $3307.69=x$
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