Question

The fixed cost to set up a manufacturing business for gizmos is $1200.  In addition, each gizmo costs $12 in materials to produce.  What is the fewest number of gizmos that a manufacturer must sell at $20 apiece to break even on costs?

Answer 1

Let n be the number of gizmos to break even.
Revenue - cost = profit
Solve the following for n.\[20n-(1200+12n)\text{ = }0\]
n = 150

Answer 2

thank you!