Katherine D’Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3 each program. There is also a $1,000 fixed fee that is paid to the University for the right to sell these programs. If Katherine is able to sell each program for $5, how many would she have to sell in order to break even?
Katherine D’Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3 each program. There is also a $1,000 fixed fee that is paid to the University for the right to sell these programs. If Katherine is able to sell each program for $5, how many would she have to sell in order to break even?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Katherine D’Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3 each program. There is also a $1,000 fixed fee that is paid to the University for the right to sell these programs. If Katherine is able to sell each program for $5, how many would she have to sell in order to break even?
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