Problema Solution
A company that teaches self-improvement seminars is holding one of its seminars in Norwood. The company pays a flat fee of $375 to rent a facility in which to hold each session. Additionally, for every attendee who registers, the company must spend $14 to purchase books and supplies. Each attendee will pay $15 for the seminar. Once a certain number of attendee register, the company will be breaking even. How many attendees will that take? What will be the company's total expenses and revenues?
Answer provided by our tutors
Let 'x' represent the number of attendees registered.
375 + 14x = 15x
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click here to see the equation solved for x
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x = 375 attendees
It will take 375 attendees to break even.
The total company expense will be 375 + 14*375 = $5,625.
The income will also be: 15*375 = $5,625.