Question

A student makes and sells bracelets at craft shows. The material to make each bracelet costs $7.50. The bracelets sell for $32.50 each. The booths at the craft show cost $225. How many bracelets must the student sell to break even? What is the break-even point?

Use substituion or elmination method and show your work.

Answer 1

he most sell about 9 bracelts 32.50 X 9 equals 292.5 if u take away 7.50 9 times for 292.5 it will be 225 so

your number of bracelets needed to be sold is 9

break-even point is 9

Explanation:

Answer 2

Break-even point can be defined as a point where one has no profit or no loss. The amount of goods sold and revenue generated by selling are same.

The material to make each bracelet costs or the cost price is= $7.50

Selling price of each bracelet = $ 32.50

Profit earned per bracelet =
`32.50-7.50=25`

Price of the booth = $225

If i want to achieve a break even point, my profit for sales of bracelet should be equal to the rent of the booth.

It becomes=
`(225)/(25) =9`

So the minimum number of bracelets I need to sell is 9, to get a break even point of no profit no loss.