SOLUTION: A hotdog stand can purchase hotdogs for $.35 each and buns for $.20 each. It has fixed costs of $50. Each hotdog is sold for $1. write a linear equation for both cost and revenu

Question 162444: A hotdog stand can purchase hotdogs for $.35 each and buns for $.20 each. It has fixed costs of $50. Each hotdog is sold for $1.
write a linear equation for both cost and revenue.
Graph both cost and revenue.
Estimate the break-even point.

Answer by Anthea Lawn(22) (Show Source): You can put this solution on YOUR website!
Assuming one hotdog goes in one bun, then the cost to the stall-holder is $50 + $0.55 per hotdog sold.
Expressing that as an algebraic equation
Let h = number of hotdogs
Cost (in $) = 50 + 0.55h
The revenue in $ = h (one dollar per hotdog)
The breakeven point is when the cost equals the revenue
h = 50 + 0.55h
50 = 0.45h
h = 111.1
Therefore the stall holder will start making a profit on his 112th hotdog of the day
RELATED QUESTIONS
A hotdog stand can purchase hotdogs for $.35 each and buns for $.20 each. It has fixed... (answered by ankor@dixie-net.com)

a hotdog stand can purchase hot dogs for $0.35 each and buns for $0.20 each. It has... (answered by josmiceli)

Steve owns a hotdog stand. He has found that sales of hot dogs average 42,000 hot dogs a... (answered by josmiceli)

please i need urgent help here. pleaseeeeeeeeeeee Steve owns a hotdog stand. He has... (answered by oscargut)

Pls help me. Steve owns a hotdog stand. He has found that sales of hot dogs average... (answered by vleith)

The Peterson family is planning a picnic for 16 people. They will be serving hotdogs. If... (answered by josmiceli)

Bob bought a popcorn, a soda, and a hotdog at the movies for $6.94. Popcorn costs $1 more (answered by josgarithmetic,Theo,MathTherapy)

Two families went to an amusement park together. Family A bought three hotdogs and two... (answered by greenestamps)

question 62 John owns a hotdog stand. He has found that his profit is represented by... (answered by Alan3354)