Jane Corporation produces fudge bars. The total fixed cost is $55,500.00. Each package of fudge bars sells for $4.95 with a variable cost of $3.10. What is the breakeven point for Jane Corporation? (format as $1,234.56, if there are zero cents format as $1,234.00)

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.