Your University magazine, The Indus Magazine, has fixed production costs of Rs.1.5 million per edition, and printing and distribution costs of Rs.80/copy. The Indus Magazine sells for Rs.150/copy.   c. How many copies should be sold in order to break even?

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Income Statement

Income Statement also commonly called a profit and loss statement, one of the key financial statements (considered together with balance sheet and cash flow statement) which shows the revenues and expenses, as well as the gains and losses of a company for a given period. In other words, it presents the financial performance/profitability of a business over a specified accounting period.