Question

A publisher for a promising new novel figures fixed costs​ (overhead, advances,​ promotion, copy​ editing, typesetting, and so​ on) at ​$59 comma 000 ​, and variable costs​ (printing, paper,​ binding, shipping) at ​$2.30 for each book produced. If the book is sold to distributors for ​$15 ​each, how many must be produced and sold for the publisher to break​ even ? The publisher must produce and sell ? books to break even.

Answer 1

Answer:

He needs to sell approximately 4331 books to break even

Step-by-step explanation:

Let the number of books to be produced be = y

Total cost of production ($)

= 55000+2.3(x)

Price of the book sold($)= 15

Total money from sales= 15(x)

For the publisher to break even, the cost must be equal to the total money from sales.

55000+2.3(x)= 15x

55000= 15x-2.3x

55000= 12.7x

55000/12.7= x

4330.71= x

He needs to sell approximately 4331 books to break even