The Lakewood baseball 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? (1 point)
To break even, the total revenue from selling shirts should be equal to the total cost of printing and setup.
Let's denote the number of shirts sold as 'x'.
The cost of printing and setup is a fixed cost of $100.
The cost of producing 'x' shirts is $10 per shirt, so the total cost of producing 'x' shirts is 10x.
The revenue from selling 'x' shirts is $15 per shirt, so the total revenue from selling 'x' shirts is 15x.
To break even, the total revenue should equal the total cost:
15x = 100 + 10x
Simplifying the equation:
5x = 100
Dividing both sides by 5:
x = 20
Therefore, the team needs to sell 20 shirts to break even.