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Application Word Problem : Break-Even Point

Chrysler has develpod a new minivan that has a start up cost of $ 45 000 000. Each new van costs $ 18 000 to make. If Chrysler plans to sell the minivans for $ 30 000, how many do they have to sell to break even?

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Solution. Denote the number of new vans they have to sell by x. Since Each new van costs $ 18 000 to make ...

Solution Summary

A break-even point is found.