To break even, Akeem needs to earn back the $40 renter's fee for the stand and cover the $2 cost to make each cup of lemonade.
Let's calculate how many cups Akeem needs to sell to achieve this:
Break-even point = (Renter's fee + Cost per cup) / Selling price per cup
Break-even point = ($40 + $2) / $6
Break-even point = $42 / $6
Break-even point = 7
Therefore, Akeem needs to sell 7 cups of lemonade to break even.
akeem wants to have a lemonade stand at the community fair. it costs him $2 to make each cup of lemonade plus a $40 renter's fee for the stand. he sells the lemonade for $6 per cup. how many cups does akeem have to sell to break even?(1 point) cups
1 answer