SOLUTION: A musician is planning to market a CD. The fixed costs are $440 and the variable costs are $4 per CD. The wholesale price of the CD will be $8. For the artist to make a profit, rev
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Question 706977: A musician is planning to market a CD. The fixed costs are $440 and the variable costs are $4 per CD. The wholesale price of the CD will be $8. For the artist to make a profit, revenues must be greater than costs. How many CDs, x, must be sold for the musician to make a profit? Answer by nshah11(47) (Show Source):
You can put this solution on YOUR website! Profit = (8x) - (4x + 440) > 0
4x > 440
x > 110
So 111 CDs must be sold by the musician for him/her to make a profit.
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