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19 October, 16:41

Organizers of an Internet training session will charge participants $150 to attend. It costs $3000 to reserve the room, hire the instructor, bring in the equipment, and advertise. Assume it costs $25 per student for the organizers to provide the course materials. How many students would have to attend for the company to break even? Breakeven [a]

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  1. 19 October, 19:29
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    Breakeven is 24 students

    Explanation:

    Breakeven is when the sales are equal to cost.

    So,

    Sales = Px*Q

    Px is the price of the training session

    Q are the number of participants

    Sales = 150Q

    Cost = fix cost+variables cost

    Cost=3000+25Q

    Breakeven

    150Q=3000+25Q

    150Q-25Q=3000

    125Q=3000

    Q=3000/125

    Q=24

    Breakeven is 24 students
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