for a radio manufacturer the cost of labor and materials per radio is 20 and fixed costs are 2 000 per day if each radio s
Question
For a radio manufacturer, the cost of labor and materials per radio is $20 and fixed costs are $2,000 per day. If each radio sells for $30, how many radios must be produced and sold each day to earn zero profit?
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Answer to a math question For a radio manufacturer, the cost of labor and materials per radio is $20 and fixed costs are $2,000 per day. If each radio sells for $30, how many radios must be produced and sold each day to earn zero profit?
1. Define the variables and write the equations for total cost and revenue: \text{Total cost} = 20x + 2000 \text{Revenue} = 30x
2. Set the profit equation to zero and solve for \( x \): 30x - (20x + 2000) = 0 30x - 20x - 2000 = 0 10x - 2000 = 0 10x = 2000 x = 200
3. Therefore, the number of radios needed to earn zero profit is: 200
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