Friday

December 19, 2014

December 19, 2014

Posted by **Jane** on Tuesday, January 10, 2012 at 5:51pm.

Producing a musical costs $88,000 plus $59,000 per performance. One sold-out performance earns $7500 in revenue. If every performance sells out, how many performances are needed to break even?

- math -
**Steve**, Tuesday, January 10, 2012 at 11:44pmGood luck. You only get 7500 per performance, while each one costs 88,000?

Check for typos and repost.

Now, if you meant 75,000 revenue per performance, then we want where cost = revenue. For n performances, that would be

88000 + 59000n = 75000n

88000 = 16000n

n = 89/16 = 5.56

so, you'd need 6 sellouts to break even.

**Answer this Question**

**Related Questions**

Math - Belmont Records produces DVD records. The fixed costs for producing a ...

statistics - Assume that Acme Tires sells their high performance tires for $180 ...

Finance - Break Even Analysis Healthy Foods Inc. Product 50 lb. bags Price $12....

Accounting: Break even point - How much profit increase for every unity sold ...

FINANCE - Need help on this Study Problem. Chevy's Manufacturing has fixed costs...

College Algebra - Can you please help me solve this word problem? Your boss has ...

Math - A company reaches the break - even point when its total revenue equals ...

management accounting - Andre has a hair styling business and he has five ...

Economics - 1) Lowering the price by 10%. What is the break-even level of ...

word problems in algebra - The cost of producing a number of items x is given by...