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 brea

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Question 947985: 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?

A. 620 loaves
B. 625 loaves
C. 630 loaves
D. 615 loaves
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Let N be the number of loaves you sell.
Your cost would be,
C=500%2B0.2N
Your revenue would be,
R=1%2AN
Find out when C=R,
500%2B0.2N=N
500=0.8N
N=500%2F0.8
N=625