mustish1
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Word Problem
ASKER
What is consider the variable and why is it consider the variable in this specific equation?
X is the variable which represents the number of CDs manufactured and sold.
That number is the variable because that is what the question asks:
"How many CDs must be manufactured and sold for the company to break even?"
That number is the variable because that is what the question asks:
"How many CDs must be manufactured and sold for the company to break even?"
ASKER
I don't understand how they put the final numbers together at the end of the equation. Is their another way of explaining this?
ASKER CERTIFIED SOLUTION
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ASKER
Thank You.
"Break even" means you make no profit, but you also have no losses.
So the total cost equals the total revenue. (C=cost, R=revenue)
The example breaks it down pretty well.
What are the things that make up the cost? (fixed cost + variable cost)
What are the things that make up the revenue? (sales)
So, set those equal and solve for x which is the number of CDs manufactured and sold.
Can you be more specific in your question? What part of the example you posted do you not understand?