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March 26, 2017

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Byron is planning to finance his college education by selling programs at the Kaplan University football games. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee paid to the University for the right to sell these programs. If Byron was able to sell programs for $5 each, how many would he have to sell to break even? How many would he have to sell to make a profit of $5,000?

  • Quantitative Methods/Statistics - ,

    I assume variable cost is cost per program printed. Let x = # programs.

    400 + 1000 + 3x = 5x

    5000 + 400 + 1000 + 3x = 5x

    Solve each for x.

  • Quantitative Methods/Statistics - ,

    is it 2000

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