let's set up an equation:
x-4=9
solve normally:
x=13
Answer:
6,000 toothpicks
Step-by-step explanation:
In this question, we are trying to evaluate the number of toothpicks a company must sell to ensure that the money spent on production is exactly equal to revenue from sales.
What we do is this!
Let’s assign a variable to represent the number of tooth picks sold and produced by the company. Let us call this number x.
First, we evaluate the total amount spent on production of x toothpicks. From the question, we can see that the cost of producing a single toothpick is $0.01, hence, to produce x toothpicks, amount spent asides the fixed cost is $0.01 * x = $0.01x
Now, the total cost on production which includes the fixed cost of the company would be $(0.01x + 60). This is the total amount spent to produce the goods.
Now revenue from sales for x toothpicks at $0.02 each is $0.02x
Since we are looking to Breakeven, we equate the costs to the revenue.
0.01x + 60 = 0.02x
0.02x-0.01x = 60
0.01x = 60
x = 60/0.01 = 6,000 toothpicks
X=9.3 is the answer to the question
Answer:
robability formula is the ratio of number of favorable outcomes to the total number of possible outcomes. Measures the likelihood of an event in the following way: - If P(A) > P(B) then event A is more likely to occur than event B. - If P(A) = P(B) then events A and B are equally likely to occur.
Step-by-step explanation:
