A publisher is planning to procedure a new textbook. The fixed costs are $320,000 and the variable costs are $31.25 per book. The wholesale price will be $ 43.75 per book. How many books must the publisher sell to break even, that is, so that costs will equal revenues?
Explanation to problem would be very helpful. Thank-you :)
Explanation to problem would be very helpful. Thank-you :)
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320000/43.75=7315