A musician is planning to market a CD. The fixed costs are $450 and the variable costs are $6 per CD. The wholesale price of the CD will be $9. For the artist to make a profit, revenues must be greater than costs.
How many CDs, x, must be sold for the musician to make a profit
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OpenStudy (anonymous):
y=-16x^2+96x
OpenStudy (anonymous):
In simple terms you want to calculate the Break Even Point Right
OpenStudy (anonymous):
im not sure ? the question states how many to make a profit but the answer choices look like this
A. x>170
B.x>150
C.x>160
D.x>140
OpenStudy (anonymous):
ok use this simple formula
\[{Total Fixed Cost}\over{Selling Price-Variable Cost}\]
OpenStudy (anonymous):
so what you are getting??
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OpenStudy (anonymous):
150
OpenStudy (anonymous):
what is the meaning of Break Even Point do you know?
OpenStudy (anonymous):
when you made all the money back that you spent no more no less
OpenStudy (anonymous):
yes so if he will be selling more than 150 units he will be realizing a profit
OpenStudy (anonymous):
understood
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