SOLUTION: Suppose you spend $500.00 on an oven to bake bread. Each loaf of bread costs you $.20 to bake. You sell the loaves for $1.00 each. How many loaves of bread must you sell to b

Question 947943:
Suppose you spend $500.00 on an oven to bake bread. Each loaf of bread costs you $.20 to bake. You sell the loaves for $1.00 each. How many loaves of bread must you sell to break even?

620 loaves
630 loaves
625 loaves
615 loaves

Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
For each loaf you make $1.00-$0.20=$0.80
Let L= numbetr of loaves. To pay for the oven, you must sell:
$500/($0.80/loaf)=625 loaves
You must sell 625 loaves to pay for the oven.
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