The Spanish club at Santa Fe middle school wants to sell mini quiches to raise money for a field trip. The culinary department at their school will make the quiches for $30 plus $0.50 per quiches for the ingredients. The Spanish club wants to sell each quiche for $2. How many quiches will they need to sell in order to break even.
A. 12 quiches
B. 45 quiches
C.20 quiches
D. 75 quiches
The cost to make one quiche is $30 (fixed cost) plus $0.50 (variable cost for ingredients), which totals $30 + $0.50 = $<<30+0.50=30.50>>30.50 per quiche.
The selling price for one quiche is $2.
To break even, the Spanish club needs to sell enough quiches to cover the cost of making them, so they need to sell $30.50 worth of quiches.
To find out how many quiches they need to sell, we divide the total cost of the quiches ($30.50) by the price of one quiche ($2).
$30.50 / $2 = 15.25
Therefore, the Spanish club needs to sell approximately 15.25 quiches to break even.
The closest whole number to 15.25 is 15.
Therefore, the Spanish club needs to sell 15 quiches to break even.
Answer: Therefor C. 15 quiches.
that’s wrong?
I apologize for the mistake. Let's calculate the correct answer.
The cost to make one quiche is $30 (fixed cost) plus $0.50 (variable cost for ingredients), which totals $30 + $0.50 = $30.50 per quiche.
The selling price for one quiche is $2.
To break even, the Spanish club needs to sell enough quiches to cover the cost of making them, so they need to sell $30.50 worth of quiches.
To find out how many quiches they need to sell, we divide the total cost of the quiches ($30.50) by the price of one quiche ($2).
$30.50 / $2 = 15.25
Therefore, the Spanish club needs to sell approximately 15.25 quiches to break even.
Since we can't sell a fraction of a quiche, we round up to the nearest whole number. Therefore, they need to sell 16 quiches to break even.
Answer: D. 16 quiches.
To determine how many quiches the Spanish club needs to sell in order to break even, we need to consider the total cost of making the quiches and the total revenue generated from selling them.
The cost of making the quiches consists of two parts:
1. Fixed cost: $30 for making the quiches
2. Variable cost: $0.50 per quiche for the ingredients
Let's denote the number of quiches as 'x'.
The total cost will be:
Cost = Fixed cost + Variable cost
Cost = $30 + ($0.50 * x)
The revenue generated from selling the quiches is given by:
Revenue = Price per quiche * Number of quiches
Revenue = $2 * x
Now, to break even, the total cost should be equal to the total revenue:
$30 + ($0.50 * x) = $2 * x
Simplifying the equation:
$30 = $2 * x - ($0.50 * x)
$30 = $1.50 * x
Divide both sides of the equation by $1.50:
x = $30 / $1.50
x = 20
Therefore, the Spanish club needs to sell 20 quiches in order to break even.
The correct answer is C. 20 quiches.