Business Finance
Business and Finance

Question Description

I’m working on a Business question and need guidance to help me study.

A publisher from a novel figures fixed cost at $63,000 and variable cost at $1.70 for each book produced. If the book is sold to distributor at $11, how many must be produced and sold for the publisher to break even? Round to nearest integer

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Final Answer

in order to get break even

63000+1.70x=11x

63000=11x-1.70x

63000=9.3x

x= 63000/9.3

   = 6774.19

   = 6774

whgrab (11485)
UCLA

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