The Spanish club at Santa Fe middle school wants to sell mini quiches to raise money for a field trip. The culinary department at their school will make the quiches for $30 plus $0.50 per quiche for $2. How many quiches will they need to sell in order to break even
To calculate the break-even point, we need to determine the total cost of making the quiches and the price at which they will be sold.
Total cost per quiche = $30 + $0.50 = $30.50
Price at which they will be sold = $2
So, the break-even point can be calculated as:
Break-even point = Total cost / Price per quiche
Break-even point = $30.50 / $2
Break-even point = 15.25
Therefore, the Spanish club at Santa Fe middle school will need to sell at least 16 quiches in order to break even.