A small publishing company is planning to produce a new self-help book. The company needs to spend $28,224 for one-time fixed costs such as editing, typesetting, cover design, and so on. Variable costs, including printing and marketing, are $10.75 per book. The publisher will sell the finished product to the bookstores at a wholesale price of $24.75 per book. How many books must the publisher print and sell so that the costs for production will equal the revenue from sales?
Assume that x books must the publisher print and sell so that the costs for production will equal the revenue ...
A word problem is solved. The solution is detailed and well presented. The response received a rating of "5/5" from the student who originally posted the question.