Tim E. answered • 01/11/18

Tutor

5.0
(43)
Comm. College & High School Math, Physics - retired Aerospace Engr

REVENUE = $80(S) where S = # OF STUDENTS

Fixed costs

2,200

340

5,200

4,000

------

$11,740

Variable costs = 3(S)

to break even, REVENUE - COSTS = 0

So 80S - (11,740 + 3S) = 0

or 77S = 11,740

To break even , S (number of students) would be 152.4675 or to round up 153 students

153*$77(net) = $11,781 or just $41 over their costs of $11,740