SOLUTION: A company recently purchased $5000 worth of equipment to produce greeting cards that cost an additional $3.00 per box to produce. The greeting cards are sold for $5.50 per box.

Question 515231: A company recently purchased $5000 worth of equipment to produce greeting cards that cost an additional $3.00 per box to produce. The greeting cards are sold for $5.50 per box.
a. Create a cost equation and a revenue equation.
b. Determine the number of boxes of greeting cards that must be sold to break even.

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A company recently purchased $5000 worth of equipment to produce greeting cards that cost an additional $3.00 per box to produce. The greeting cards are sold for $5.50 per box.
a. Create a cost equation and a revenue equation.
Cost: C(x) = 5000 + 3x dollars
Rev:: R(x) = 5.50x dollars
--------------------------------------
b. Determine the number of boxes of greeting cards that must be sold to break even.
Solve C(x) = R(x)
5000 + 3x = 5.5x
2.5x = 5000
x = 2000 boxes
======================
Cheers,
Stan H.
===================

RELATED QUESTIONS
Hi, Thank you for you support!!!!!! A company that manufactures boxes recently purchased (answered by robertb)

A company that manufactures boxes recently purchased $2000 worth of new equipment to... (answered by josgarithmetic)

Sharon's club is selling greeting cards for a fundraiser. They will profit $3 for each... (answered by TimothyLamb)

Frame Masters, Inc., recently purchased $5500 worth of new equipment in order to offer a (answered by jorel1380)

Frame Masters, Inc., recently purchased $5500 worth of new equipment in order to offer a... (answered by mananth,ikleyn)

Frame Masters, Inc., recently purchased $5500 worth of new equipment in order to offer a... (answered by Theo)

A greeting card company has an initial investment of $20,000. The cost of producing one... (answered by ewatrrr)

A company is planning to introduce a new product. The company estimates that $500 worth... (answered by cleomenius)

The cost of publishing a poster is $2000 for setting up the printing equipment, plus $3... (answered by Boreal)