Concept explainers
To find the number of days to break even if the initial cost of business is $12,000, expense per day is $25 and earning per day is $150.
Answer to Problem 45MR
96 days.
Explanation of Solution
Given information:
The initial cost of business is $12,000, expense per day is $25 and earning per day is $150.
Calculation:
Let x days be required to break even.
Now the total expenses of business for x days are the sum of initial cost and expense for x days.
That is,
And the earning in x days is,
To break even, total cost and total expenses must be equal. That is,
Hence 96 days are required to break even.
Chapter 6 Solutions
High School Math 2015 Common Core Algebra 1 Student Edition Grade 8/9
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