I make cookies for $30 plus $0.50 per cookie for ingredients. We want to sell them for $2 each. How many would I need to make to break even
Let's denote the number of cookies you need to make to break even as x.
The cost of making x cookies is given by:
Cost = $30 + $0.50x
The revenue from selling x cookies is given by:
Revenue = $2x
For you to break even, the cost must equal the revenue:
$30 + $0.50x = $2x
Solving for x:
$30 = $2x - $0.50x
$30 = $1.50x
x = 20
Therefore, you would need to make and sell 20 cookies to break even.