Quantitative Methods/Statistics

posted by .

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

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    I did the first part how would i graph it. Problem: Business and finance. The cost of producing a number of items x is given by C = mx + b , in which b is the fixed cost and m is the variable cost (the cost of producing one more item). …
  2. math,algebra,help

    Problem states: Business and finance. The cost of producing a number of items x is given by C = mx + b, in which b is the fixed cost and m is the variable cost (the cost of producing one more item). (a)If the fixed cost is $40 and …
  3. business and finance

    The cost of producing a number of items x is given by C=mx+b, inwhich b is the fixed cost and m is the variable cost (the cost of producing one more item). (a) If the fixed cost is $40 and the variable cost is $10, write the cost equation. …
  4. accounting

    # 1 Takers,Inc.provide the following results: 2004 2003 Units 2,400 3,000 Total Cost 19,200 24,000 What form of cost behavior is the cost above?
  5. Managerial ECON

    Suppose that a firm is currently employing 20 workers, the only variable input, at a wage rate of $60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is $3,600. a. What is marginal …
  6. Graduate studies information

    I am planning on attending graduate school and I would like to major in Special Education (grades 1-6) or another area in Education. How could I find out which New York City college or university has the best Education graduate programs?
  7. production and operations Management

    Selling for $5 each, programs are a tricky business. Under substantial pressure from Wisner, Maddux knows he has to ensure that costs are held to a minimum and contribution to the new expansion maximized. As a result, Maddux wants …
  8. Math

    Tickets for the school play were $6.00 and 1/5 of each ticket paid for the cost of printing the programs.how much of each ticket went towards printing the programs.
  9. Accounting

    An example of a committed fixed cost would be: a) taxes on real estate b) management development programs c) public relations d) advertising programs
  10. Law

    1. These are programs found NOT to be effective in reducing delinquent behavior. A. Behavioral interventions B. Education programs C. Well-designed treatment programs D. Drug education programs im confused between A and C

More Similar Questions