SOLUTION:
A musician is planning to market a CD. The fixed costs are $1020 and the variable costs are $3 per CD. The wholesale price of the CD will be $9. For the artist to make a profit,
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A musician is planning to market a CD. The fixed costs are $1020 and the variable costs are $3 per CD. The wholesale price of the CD will be $9. For the artist to make a profit,
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Question 722745:
A musician is planning to market a CD. The fixed costs are $1020 and the variable costs are $3 per CD. The wholesale price of the CD will be $9. 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 checkley79(3341) (Show Source):
You can put this solution on YOUR website! 1020+3x<=9x
3x-9x<=-1020
-6x<=-1020
x>=1020/6 note the sign change due to dividing by a negative value.
x>=170 CD's need to be sold to break even.
Proof:
1020+3*170<=9*170
1020+510<=1530
1530<=1530
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