Isaac makes chairs in a small shop for which he pays $760 per month in rent. The materials cost $70 per chair, and he sells the chairs for $380 each. Isaac's other monthly expenses total $720.
Let x be the number of chairs that he need to sell.
Revenue = 380x
Variable cost = 70x
Fixed cost = 760+720 =1480
Profit = 380x-70x-1480 =310x-1480
310x-1480 > =0 to be viable
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