To open a small business, you need an initial investment of $150,000. Each week your costs will be about $8,850. Your projected weekly revenue is $9,700. How many weeks will it take to break even? Round to the nearest number of weeks.
A)17 weeks
B)182 weeks
C)177 weeks
D)16 weeks
E)179 weeks

Question

Quizplus · Accepted Answer

To break even, the revenue needs to cover the costs, meaning:

$9,700x = $8,850x + $150,000

$850x = $150,000

x = 176.47

Rounding up to the nearest week, it will take 177 weeks to break even. Therefore, the best choice is C.

To Open a Small Business, You Need an Initial Investment