SOLUTION: I can't figure this problem out. I would vey much appreciate some help with it, please: A business purchased a new machine for $500,000 to use. The business must pay the investor
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: I can't figure this problem out. I would vey much appreciate some help with it, please: A business purchased a new machine for $500,000 to use. The business must pay the investor
Log On
Question 129622: I can't figure this problem out. I would vey much appreciate some help with it, please: A business purchased a new machine for $500,000 to use. The business must pay the investor $550 every time the machine is used. If the business charges $2000 for each use, what is the minimun number of times it must be used in order for the business to make a profit? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = number of times machine is used is payment to investor each time it is used is income from each use
I need to find the break-even point
So, the machine must be used 35 times to make a profit
