Following a successful meeting with a potential investor, you have been granted enough capital to kick start your start-up company, which has developed mobile applications that instantly compares retail prices for corresponding retail outlets across a specific location. Your company sells each application for P20. The variable cost per application is P5. The company's total fixed costs is P210,000. Calculate the break even point (Insert your answer to the nearest whole number, with no units).

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: Production And Costs
Section21.4: Costs Of Production: Total, Average, Marginal
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Following a successful meeting with a potential investor, you have been granted enough
capital to kick start your start-up company, which has developed mobile applications
that instantly compares retail prices for corresponding retail outlets across a specific
location. Your company sells each application for P20. The variable cost per application
is P5. The company's total fixed costs is P210,000. Calculate the break even point (Insert
your answer to the nearest whole number, with no units).
Transcribed Image Text:Following a successful meeting with a potential investor, you have been granted enough capital to kick start your start-up company, which has developed mobile applications that instantly compares retail prices for corresponding retail outlets across a specific location. Your company sells each application for P20. The variable cost per application is P5. The company's total fixed costs is P210,000. Calculate the break even point (Insert your answer to the nearest whole number, with no units).
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