Producing a musical costs $88,000 plus $5900 per performance. one sold out performance earns $7500 in revenue. If every performa
nce sells out, how many performances are needed to break even?
1 answer:
X = # of perfomances
y = total amount of money
Income: y = 7500x
Expense: y = 5900x + 88000
Substitution:
7500x = 5900x + 88000
1600x = 88000
x = 55
y = 7500(55) = $412,500
55 performances are needed to break-even.
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