Mikey W. Smitty, an emerging musician, is getting ready to cut his first CD. The cost of recording the CD is $3,000 but copies cost $2 apiece and the CDs can be sold for $17 each. He wishes to know how many CDs he needs to sell to break even and what his profit or loss will be if he happens to sell only 170 CDs. Set up the breakeven problem and be prepared to answer questions from the output. PROBLEM 1) How many CDs must be sold to break even? PROBLEM 1) What is the total revenue at the breakeven point? PROBLEM 1) How much profit / loss will there be if 170 CDs are sold? What is the minimum price Smitty should charge to guarantee he at least breaks even with the sale of 170 CDs?
Mikey W. Smitty, an emerging musician, is getting ready to cut his first CD. The cost of recording the CD is $3,000 but copies cost $2 apiece and the CDs can be sold for $17 each. He wishes to know how many CDs he needs to sell to break even and what his profit or loss will be if he happens to sell only 170 CDs. Set up the breakeven problem and be prepared to answer questions from the output.
PROBLEM 1) How many CDs must be sold to break even?
PROBLEM 1) What is the total revenue at the breakeven point?
PROBLEM 1) How much profit / loss will there be if 170 CDs are sold?
What is the minimum price Smitty should charge to guarantee he at least breaks even with the sale of 170 CDs?
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