Akeem wants to have a lemonade stand at the community fair. It costs him $2 to make each cup of lemonade plus a $40 renter's fee for the stand. He sells the lemonade for $6 per cup. How many cups does Akeem have to sell to break even? (1 point)
____ cups
To break even, Akeem has to earn enough money to cover his costs, including the cost to make each cup of lemonade and the renter's fee.
The cost to make each cup of lemonade is $2.
The renter's fee for the stand is $40.
So, the total cost for Akeem is $2 + $40 = $<<2+40=42>>42.
Akeem sells each cup of lemonade for $6.
To determine how many cups Akeem needs to sell to break even, we divide the total cost by the price per cup: $42 ÷ $6 = <<42/6=7>>7.
Therefore, Akeem needs to sell 7 cups of lemonade to break even. Answer: \boxed{7}.
To break even, Akeem needs to cover both the cost of making each cup of lemonade and the renter's fee for the stand.
Let's calculate the total cost per cup of lemonade:
Cost per cup = Cost to make each cup + Renter's fee
Cost per cup = $2 + $40
Cost per cup = $42
To break even, Akeem needs to sell enough cups to recover the total cost of $42 per cup.
Now, let's calculate the number of cups he needs to sell to break even:
Number of cups = Total cost / Selling price per cup
Number of cups = $42 / $6
Number of cups = 7
Therefore, Akeem needs to sell 7 cups of lemonade to break even.
To find out how many cups Akeem needs to sell to break even, we need to calculate the total cost and total revenue.
The total cost is the sum of the cost to make each cup of lemonade and the stand renter's fee. So, the total cost is $2 per cup multiplied by the number of cups, plus the $40 renter's fee:
Total Cost = ($2/cup) * (number of cups) + $40
The total revenue is the selling price per cup multiplied by the number of cups sold. So, the total revenue is $6 per cup multiplied by the number of cups:
Total Revenue = ($6/cup) * (number of cups)
To break even, the total revenue needs to equal the total cost. Therefore, we can set up the equation:
Total Revenue = Total Cost
($6/cup) * (number of cups) = ($2/cup) * (number of cups) + $40
Now let's solve this equation to find the number of cups Akeem needs to sell to break even.