Suppose you spend $500.00 on an oven to bake bread. Each loaf of bread cost you$.20 to bake. You sell the loaves for $1.00 each. HOw many loaves of bread must you sell to break even?How would i write an equation to model the situation below and how would i figure out an answer:?
each loaf of bread is made and sold with a $.80 profit because $.20 are spent to make the bread and $1 is made in exchange so ( -$.20 + $1 = $.80 ) or ( $1 - $.20 = $.80 )
so to find out how many loaves it would take to break even you divide the cost of the oven by the amount of money made by each loaf so ( $500 / $.80 = 625 loaves )How would i write an equation to model the situation below and how would i figure out an answer:?
Ok...
So you make .80 on each loaf of bread, and you need to make $500, how many do you need make...
y will be the number of loaves that we need
So...
Y x (.8) = $500
So $500 / .8 = 625 loaves
Here's how you set up the model/eqn.
let x = # of loaves of bread needed to break even
Then cost = 500 + 0.2x
revenue = 1.00x
Break even =%26gt; cost = revenue
500 + 0.2x = 1.00x
Proceed to solve.
the profit from 1 loave = 1$ -.2$ =.8$
the price =500$
so you must sell 500/.8=625 loaves
Each bread will give profit =1-0.2 = 0.8 $
For break even you should be able to recover the money
500 / (1-0.2) = 500/0.8=625
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