SOLUTION: The band wants to know how many copies of their CD they would need to make and sell in order to break even. However, only one option is available to them for recording, while they

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: The band wants to know how many copies of their CD they would need to make and sell in order to break even. However, only one option is available to them for recording, while they       Log On


   

Question 974593: The band wants to know how many copies of their CD they would need to make and sell in order to break even. However, only one option is available to them for recording, while they plan to sell each copy of their CD for $15. The recording time for this CD was nine hours (this will be a fixed cost) and they also had to pay $2.60 per copy for production and distribution costs. They decide they can only afford to produce a maximum of 400 CD’s as they are a beginning band. Determine the cost of producing a maximum amount of 400 CD’s.
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
Price r, recording for the nine hours is unknown.
COST, 400*2.60+r
REVENUE, 400*15
Break Even, 400*2.6+r-400*15=0

r=400%2815-2.6%29
highlight%28r=4960%29, the amount to pay just for the recording time.

Total cost is $6000.