Sam and David invest $13,500 in equipment to print books. Each book costs $7.50 to print and sells for $21.00. How many books must they sell before their business breaks even?(1 point)
Responses
1800 books
1800 books
1000 books
1000 books
2000 books
2000 books
900 books
To break even, the total cost must equal the total revenue.
The cost to print each book is $7.50 and they sell each book for $21.00, so the profit per book sold is $21.00 - $7.50 = $<<21-7.5=13.50>>13.50.
The total investment is $13,500, so they need to sell $13,500/$13.50 = <<13500/13.5=1000>>1000 books to break even.
Therefore, they must sell 1000 books before their business breaks even.