Question

A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as editing) and variable costs (suchas printing). The one-time fixed costs will total $39.160. The variable costs will be $11 per book. The publisher will sell the finished product to bookstores at aprice of $24.75 per book. How many books must the publisher produce and sell so that the production costs will equal the money from sales?

Answer 1

Given:

The one-time fixed costs = $39.160.

The variable costs = $11 per book.

The price of the book = $24.75 per book.

Let x be the number of books.

The production cost of the x number of books is

`=39.160+11x`

The sales price of the x number of books is

`=24.75x`

Given that the production cost = the sales cost.

`=39.160+11x`