Solve Problems Using Systems of Linear Equations
-An-Mei owns a business making and selling jackets. She has a fixed cost of $\$ 1440$. It costs $\$ 87$ to produce each jacket. The selling price is $\$ 99$ per jacket. Determine the number of jackets that must be made and sold in order to break even.
A) 120 units
B) 121 units
C) 122 units
D) 13 units

Question

Quizplus · Accepted Answer

The correct answer is A.The total cost of producing and selling x jackets is given by the equation:Total cost = Fixed cost + Variable costTotal cost = 1440 + 87xThe total revenue from selling x jackets is given by the equation:Total revenue = Selling price per jacket * Number of jackets soldTotal revenue = 99xTo break even, the total cost must equal the total revenue:1440 + 87x = 99x12x = 1440x = 120Therefore, An-Mei must make and sell 120 jackets in order to break even.

Solve Problems Using Systems of Linear Equations -An-Mei Owns a Business

Solve Problems Using Systems of Linear Equations
-An-Mei Owns a Business