Question

This question is the death of me,
Please help, fan and medal
Tony wants to start making and selling skateboards. His costs are the large sum of money that includes his initial investment and the cost of materials for each skateboard. He has already planned how much he is going to sell his skateboards for. Explain how Tony can set up a system of equations to predict when he will start to make a profit.

Answer 1

@amistre64

Answer 2

hmm a system of equations for this?

Answer 3

I don't know )))): Anything.

Answer 4

well a profit is when total money made is more than total money spent

Answer 5

yeah. makes sense. but how can we form a system of equations by explaining?

Answer 6

in business classes costs compared to revenue gives us a break even point where they cross

Answer 7

so we need to define our total costs, and define our total revenue. thats my idea

Answer 8

cost = i + cx, for x skateboards

revenue = rx, for a given price per skateboard

when cost = revenue we are breaking even, so when cost < revenue we make a profit