Find the break-even point

Question

A coffee bean importer is analyzing his business finances. Given the cost equation of y=0.77x+74,580 and the revenue equation of y=1.9x, find the break-even point for him to import coffee (answer as a point)

Answer 1

Hello Nevaeh,

The break-even point in your case will be the point where cost = revenue. So, set the cost equation equal to the revenue equation:

0.77x+74,580 = 1.9x

From there: Solve for x. Once you solve for x, plug that number into either equation to get y.

Now you will have an answer as a point (x, y). You got this.