SOLUTION: a hotdog stand can purchase hot dogs for $0.35 each and buns for $0.20 each. It has fixed costs of $50 and each hotdog sells for $1. 1. write a linear equation for cost and rev

Algebra ->  Algebra  -> Linear-equations -> SOLUTION: a hotdog stand can purchase hot dogs for $0.35 each and buns for $0.20 each. It has fixed costs of $50 and each hotdog sells for $1. 1. write a linear equation for cost and rev      Log On

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Question 234888: a hotdog stand can purchase hot dogs for $0.35 each and buns for $0.20 each. It has fixed costs of $50 and each hotdog sells for $1.
1. write a linear equation for cost and revenue
2. determine break even point
price $1.00 - cost $0.55 means a profit of $0.45 each
so I think you would take the fixed cost of $50 and divide it by the profit $.045 to come up with a break even point of 111 hotdogs???????
Thanks!!!
Answer by josmiceli(3013) About Me  (Show Source):
You can put this solution on YOUR website!
I'll graph the Cost and Revenue
The graph will have number of hotdogs sold, on the x-axis
Revenue, and also cost, are plotted on the y-axis
The cost of making hotdogs is



Plotting these 2 lines on the same graph, the profit
is always , which is the vertical distance
between the 2 lines
The break-even point is where the lines meet, or when

At ,


Cost and Revenue are both $111 also