Hi,
I am new to the forum. I am a math tutor for pre-algebra and beginning algebra so it is a little embarassing to have to ask about this. I was helping a friend and we came to the point in her book where we learn formulas and how to put data from word problems into them. I figured out the fulcrum, ( F1(x) = F2(d-x) ) but for the life of me I can not remember the formula for finding the break even point or how to use it. Unfortunately I don't have her book with me so I can't post the problem.
Can someone please post the formula along with an example word problem and show what numbers get plugged in where in the formula? I even had the answer from the back of the book and could not make sense of it. The problem gave me the cost and fixed cost and asked for the break even point. It doesn't make sense to me with a formula I was able to find on line, (C = mx + b) where b=fixed cost. m is supposed to equal some average which I don't know how to find. Also I've seen something involving R (revenue) and C (cost) but don't know how to find the revenue. I need to figure this out before I try to explain it to my friend because I don't want to add stress and this stuff can be very stressful if it doesn't make sense.
Thanks for any help
I am new to the forum. I am a math tutor for pre-algebra and beginning algebra so it is a little embarassing to have to ask about this. I was helping a friend and we came to the point in her book where we learn formulas and how to put data from word problems into them. I figured out the fulcrum, ( F1(x) = F2(d-x) ) but for the life of me I can not remember the formula for finding the break even point or how to use it. Unfortunately I don't have her book with me so I can't post the problem.
Can someone please post the formula along with an example word problem and show what numbers get plugged in where in the formula? I even had the answer from the back of the book and could not make sense of it. The problem gave me the cost and fixed cost and asked for the break even point. It doesn't make sense to me with a formula I was able to find on line, (C = mx + b) where b=fixed cost. m is supposed to equal some average which I don't know how to find. Also I've seen something involving R (revenue) and C (cost) but don't know how to find the revenue. I need to figure this out before I try to explain it to my friend because I don't want to add stress and this stuff can be very stressful if it doesn't make sense.
Thanks for any help