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 $21,021. The variable costs will be $12.25 per book. The publisher will sell the finished product to bookstores at a price of $20.50 per book. How many books must the publisher produce and sell so that the production costs will equal the money from sales?
HI!!
if you publish say \(n\) books then the total cost will be \[12.25n+21021\] right?
this is where you say "yes of course" or "how did you get that?"
yes but how did you get that ?
the fixed cost is fixed, you have to pay it no matter how many you print
if you print one book you pay the fixed cost plus 12.25 so \[12.25+21021\] if you print two books you have to pay two times 12.25 and the fixed cost so \[12.25\times 2+21021\]
and if you print \(n\) books you have to pay \[12.25\times n+21021\]
now for each book you sell, you make 20.50 so for n books you make \[20.50n\] dollars
you want to know where they are equal so set \[12.25n+21021=20.50n\] and solve for \(n\)
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