The neighbourhood bookstore sells novels for $6.95 per unit. The cost to purchase one book is $3.95. The store has fixed cost per month of $1800. The store estimates that it can sell 1000 books every month. How many books does it need to sell to break even?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter2: Solving Linear Equations And Inequalities
Section2.6: Solve A Formula For A Specific Variable
Problem 2.117TI: Lee wants to drive from Phoenix to his brother’s apartment in San Francisco, a distance of 770...
icon
Related questions
Question

The neighbourhood bookstore sells novels for $6.95 per unit. The cost to purchase one book is $3.95. The store has fixed cost per month of $1800. The store estimates that it can sell 1000 books every month. How many books does it need to sell to break even?

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
PREALGEBRA
PREALGEBRA
Algebra
ISBN:
9781938168994
Author:
OpenStax
Publisher:
OpenStax