Akeem wants to have a lemonade stand at the community fair. It costs him $2 to make each cup of lemonade plus a $40 renters fee for the stand he sells the lemonade for $6 a cup how many cups does Akeem have to sale to break even
To break even, Akeem needs to cover the cost of making the lemonade ($2 per cup) and the cost of renting the stand ($40).
Let's denote the number of cups Akeem needs to sell to break even as x.
Total cost = cost per cup * number of cups + rental fee
Total cost = $2x + $40
Total revenue = selling price per cup * number of cups
Total revenue = $6x
For Akeem to break even, Total cost = Total revenue
$2x + $40 = $6x
$40 = $4x
x = 10
Therefore, Akeem needs to sell 10 cups of lemonade to break even.