The Lakewood basketball team is selling t-shirts for a fundraiser. The shirts cost $100 for the printing, design and setup plus $10 per shirt. The team is going to sell the shirts for $15 each. How many shirts do they need to sell to break even?
The total cost of producing each shirt is $100 (printing, design, and setup) plus $10 (per shirt). Therefore, the cost to produce each shirt is $100 + $10 = $<<100+10=110>>110.
To break even, the team needs to sell enough shirts to cover the total cost of producing them, which is $110 per shirt.
To break even, they need to sell $110 worth of shirts for every shirt produced.
Therefore, they need to sell $110 / $15 per shirt = <<110/15=7.333333333333333>>7.33 shirts to break even.
Since you cannot sell a fraction of a shirt, the team needs to sell at least 8 shirts to break even.