Question 326197: A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as editing) and variable costs (such as printing). The one-time fixed costs will amount to $41,088. The variable costs will be $9.75 per book. The publisher will sell the finished product to bookstores at a price of $21.75 per book. How many books must the publisher print and sell so that the production costs will equal the money obtained from sales?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! The one-time fixed costs will amount to $41,088. The variable costs will be $9.75 per book. The publisher will sell the finished product to bookstores at a price of $21.75 per book. How many books must the publisher print and sell so that the production costs will equal the money obtained from sales?
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Cost = 41,088 + 9.75x where x is the number of books
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Revenue = 21.75x
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Solve: cost = Revenue
41088 + 9.75x = 21.75x
41088 = 12x
x = 3424 books
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Cheers,
Stan H.
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