Question

I need an equation for this problem: A small golf club manufacturer is concerned about their monthly costs. The shop has fixed costs of $23,250 per month to run in addition to the $145 in materials per set of golf clubs produced.

If the company wants to break-even making 100 sets of clubs per month, what should they charge for each set? Recall that the break-even point is when revenue equals costs. I solved it and the answer is 377.50 but i need a proper equation for my answer

Answer 1

100 = number of sets of clubs manufactured per month
S = sell-price for a set of clubs

Expenses per month = 23,250 + 145(100) = 37,750

Revenue per month = 100 S

Break-even when Expenses = Revenue

100 S = 37,750

One question: How did you solve it without an equation ?