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majarm majarm
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5 years ago
Citizen sells a watch for $35 at a fixed cost of $1 million per annum. Recent recession has seen jump in material cost to $20. What is the new break-even volume of watches per year?
A) 28 571
B) 50 000
C) 66 667
D) 6667
E) 7000
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 254 times
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#1
5 years ago
C
Answer verified by a subject expert
AnonymousMike8
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#2
2 months ago Edited: 2 months ago
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More solutions for this book are available here
35x = 1 000 000 - 25x
35x - 25x = 1 000 000
15x = 1 000 000
x = 1 000 000 / 15
x = 66 666.6
Round to whole unit
X = 66 667 
1

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