SOLUTION: George wants to sell toy rockets at the state fair. He can purchase these rockets at $0.50 each and can return all unsold rockets for a refund. He will be required to rent a boot

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Question 1067877: George wants to sell toy rockets at the state fair. He can purchase these rockets at $0.50 each and can return all unsold rockets for a refund. He will be required to rent a booth from which he can sell the rockets at a flat rate of $200, payable in advance. The rockets will be sold at $0.90 each. a. How many rockets must be sold to break even? b. How many rockets must be sold to make a profit of $1,000 for the week?
Answer by josgarithmetic(39626) About Me  (Show Source):
You can put this solution on YOUR website!
n, how many rockets George sells.

COST:
0.5n%2B200

REVENUE OR SALES:
0.9n

PROFIT:
0.9n-0.5n-200
highlight_green%280.4n-200%29

Breaking Even is 0.4n-200=0.
This is for cost and revenue being equal.