See the attached document for details:
I know the formula, but I don't understand how you get the value of x or p.
PX = A + BX
where P = Unit cost or price of the service
X = Amount of service to be provided (an unknown)
A = Fixed costs
B = Variable costs
Break-even point = ?
PX = 58,000 + 1,317,273 (x)
I got the figures of A & B by adding the 3 year budget, I also added the totals together and divided by 36 months and got 38,202 as the monthly cost average. Would you use 38,202 as the price of service I don't know but I am lost at this point. Please help can the Break even point be found with out the price of services and amount of service to be provided. Help
For finding the break-point point, put
Total revenue = total ...
A step by step detailed solution is provided.