Question

It costs a publishing company $0.55 to print one copy of a certain novel. This company paid $725,000 for the rights to the novel. If they can sell a copy of the novel for $6.75, how many copies of the novel must they sell to break even, to the nearest hundred? a. 195,300 b. 116,900 c. 107,400 d. 99,300 Please select the best answer from the choices provided A B C D

Answer 1

Answer:

The correct answer is b. 116,900

The publishing company must sell 116,900 copies of the book to break even.

Step-by-step explanation:

Each book costs 0.55 to make and the company can sell it at 6.75, which means that the company earns 6.20 from each book, this is called the net value. If you divide the amount htat the company paid for the rights by the net value you can find the total number of copies that the company has to sell to break even.  

# books = $725,000/$6.20 = 116935 or approximately 116900 copies of the book.