It costs a man 75 dollars to buy the things that he needs to make hotdogs. The city allows him to sell his hotdog somewhere near the city hall. However, the city hall charges him 1 dollar for each hotdog sold
Calculate the break even point if the price he charges for 1 hotdog is $1.50 Choose the correct answer:
A) 140
B) 150
C) 160
D) 170
E) 180
Let x be the number of hotdogs sold   Let C be the cost of buying and selling x hotdogs   Let R be the revenue made for selling x hotdogs   R = selling price of 1 hotdog × number of hotdogs sold   R = 1.50x   C = fixed cost + variable cost   variable cost = fee charged for 1 hotdog × number of hotdogs sold   variable cost = 1x   C = 75 + 1x   R = C   1.50x = 75 + 1x   1.50x - 1x = 75 + 1x - 1x   0.5x = 75   x = 150 since 0.5 × 150 = 75   The break even point is to sell 150 hotdogs.   Answer 150
<result>B</result>
It costs a man 75 dollars to buy the things that he needs to make hotdogs. The city allows him to sell his hotdog somewhere near the city hall. However, the city hall charges him 1 dollar for each hotdog sold
Calculate the break even point if the price he charges for 1 hotdog is $1.50