Question

Mike and Kim invest $18,000 in equipment to print yearbooks for school. Each yearbook costs $5 to print and sells for $15. How many yearbooks must they sell before their business breaks even?a. 1,100 yearbooksb. 1,200 yearsbooksc. 3,600 yearbooksd. 1,800 yearsbooks

Answer 1

Answer:

1800yearbook(D)

Step-by-step explanation:

Cost of printing a year book = $5

A year book is sold at $15

The profit on each year book = $15 - $5 = $10

Let y represent the number of year books sold for a break even to occur.

A break even occurs when the amount sold is equals the amount invested

10y = 18000

y = 18000/10

y = 1800 yearbooks