Need help on how to solve this problem, it would be greatly appreciated! 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 $32,334. The variable costs will be $10 per book. The publisher will sell the finished product to bookstores at a price of $18.50 per book. How many books must the publisher produce and sell so that the production costs will equal the money from sales?
total cost = 32,334 + 10x where x is the number of books sold
Now what is the expression , in terms of x, for the total income from selling x books?
equate this to total cost and solve for x.
Well when I added the numbers together I got 32,344. But I'm not sure how to re-write the expression.
1 book is sold for $18.50 so x books are sold for ?
if , for example, they sold 10 books the income would be 18.50 * 10 right?
- so just replace the 10 by x
Okay, I think I understand.
okay, yeah I got it wrong I have no idea what I'm doing, thanks for trying to help though.
the equation is 32,334 + 10x = 18.50x solve for x
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