SOLUTION: A company recently purchased $5000 worth of equipment to produce greeting cards that cost an additional $3.00 per box to produce. The greeting cards are sold for $5.50 per box.

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Question 515231: A company recently purchased $5000 worth of equipment to produce greeting cards that cost an additional $3.00 per box to produce. The greeting cards are sold for $5.50 per box.
a. Create a cost equation and a revenue equation.
b. Determine the number of boxes of greeting cards that must be sold to break even.

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A company recently purchased $5000 worth of equipment to produce greeting cards that cost an additional $3.00 per box to produce. The greeting cards are sold for $5.50 per box.
a. Create a cost equation and a revenue equation.
Cost: C(x) = 5000 + 3x dollars
Rev:: R(x) = 5.50x dollars
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b. Determine the number of boxes of greeting cards that must be sold to break even.
Solve C(x) = R(x)
5000 + 3x = 5.5x
2.5x = 5000
x = 2000 boxes
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Cheers,
Stan H.
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