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Break-even, Profit

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Byron is planning to finance his college education by selling programs at the football games. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee paid to the University for the right to sell these programs. If Byron was able to sell programs for $5 each, how many would he have to sell to break even? How many would he have to sell to make a profit of $5,000?

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Solution Summary

Provides steps necessary to find the break-even point and profit point.

Solution Preview

Let x programs be sold

Total cost = Fixed cost + Variable cost = 1000 + 400 + 3x ...

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