SOLUTION: A TV manufacturer has fixed costs of $1,117.50 and variable costs of $55.25 per TV. The TV's sell for $99.95 each. a.) If X is the number of units sold, write the equations of th

Algebra ->  Finance -> SOLUTION: A TV manufacturer has fixed costs of $1,117.50 and variable costs of $55.25 per TV. The TV's sell for $99.95 each. a.) If X is the number of units sold, write the equations of th      Log On


   



Question 964294: A TV manufacturer has fixed costs of $1,117.50 and variable costs of $55.25 per TV. The TV's sell
for $99.95 each.
a.) If X is the number of units sold, write the equations of the revenue and cost functions
b.) Find the break even point.

Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
cost =  1,117.50+55.25X
Revenue = 99.95X
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Break even point:
1,117.50+55.25X = 99.95X Subtract 55.25X from both sides:
1,117.50= 44.70 Divide both sides by 44.70 and you have your answer.