Professional Documents
Culture Documents
Introduction:
Cost = business expenses. (Can be per item sold or fixed expenses like wages)
Revenue = Money brought in. (Expenses are not counted)
Profit = Revenue Cost. (If the result is negative, the business is operating with a loss)
Break Even Point = The point at which revenue = cost. (There is no profit or loss)
In business, linear equations can be used to represent cost and revenue. These equations can be
graphed as shown below where A represents revenue and B represents cost:
Example -
We are going to take this a step further and begin developing equations to use for a particular
business that we can use to calculate a break even point (point of intersection).
Revenue:
They can sell their pies for $25.00 each.
Final Hand-In:
Your final hand-in for this project will consist of the following:
A title page with the title of your project, name and due date.
Part #1 - Formulas.
Part #2 - Graphing
Part #3 - Business Portfolio
Part #4 - Algebraic Solutions
Part #5 - General Questions
Be sure to check through each part carefully to ensure you have not missed anything.
Be sure to make it clear which answers go with which part.