Ratios and proportions tie into each other. A ratio in real life would be basically comparing two quantities, as a proportion would be solving for the similar ratio or the equal ratio to another.
a) The amount earned by Kurt by selling the break-even units of painting at $38 each is <u>$1,064</u>.
b) The number of paintings that Kurt will be selling at the break-even point is <u>28</u>.
<h3>What is the break-even point?</h3>
The Break-even point is the sales units at which the seller's total revenue equals the total costs.
At the break-even point, there is no profit or loss.
<h3>Data and Calculations:</h3>
Fixed costs = $112
Variable cost = $34
Selling price = $38
Contribution margin = $4 ($38 - $34)
Contribution margin ratio = 10.53% ($4/$38 x 100)
Break-even point (units) = Fixed costs/Contribution margin per unit
= 28 units ($112/$4)
Break-even point (dollars) = $1,064 ($38 x 28)
Learn more about the break-even point at brainly.com/question/21137380
#SPJ1
Graph using the slope and y-intercept.
Slope: 1
Y-intercept: -2