Question

Medal reward!!
A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as editing) and variable costs (such as printing). The one-time fixed costs will total $26,109. The variable costs will be $12 per book. The publisher will sell the finished product to bookstores at a price of $18.75 per book. How many books must the publisher produce and sell so that the production costs will equal the money from sales?

Answer 1

Let x = no. of books
Cost = 12x + 26109
Revenue = 18.75x

Rev = cost
18.75x = 12x + 26109
18.75x - 12x = 26109
6.75x = 26109
x = 26109/6.75
x = 3868 books need to be sold to cover production costs

Answer 2

Thank you! :)

Answer 3

Anytime.