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March 28, 2015

Homework Help: Algebra

Posted by Rick on Sunday, February 19, 2012 at 8:53pm.

The Oliver Company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 4,500 units in 2005. The selling price will be $2 per unit. Variable costs are estimated to be 20% of total revenue. Fixed costs are estimated to be $6,400 for 2005. How many units should the company sell to break even?

How do I calculate the units to break even? What type of formula do I use?

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