Question

It costs a publishing company $0.55 to print one copy of a certain novel. This company paid $725,000 for the rights to the novel. If they can sell a copy of the novel for $6.75, how many copies of the novel must they sell to break even, to the nearest hundred?
a.
195,300
b.
116,900
c.
107,400
d.
99,300


Please select the best answer from the choices provided

A
B
C
D

Answer 1

Revenue per book = $6.75, cost per book = $0.55 → profit per book = $6.75 − $0.55 = $6.20.

Break-even copies = 725,000 / 6.20 ≈ 116,935 → to the nearest hundred = 116,900.

Answer: B.