What is the expected profit of jrb

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Reference no: EM13224283

Dr. John R. Brown is considering a publishing company under the name JRB Publishers, JRB's estimated costs are:
Fixed Cost: $60,000

Variable cost/book: $20

Selling price/book: $30

In addition to the above costs, Dr. Brown wants to pay himself $40,000 for his time

Find the number of books JRB must sell to break-even

If the estimated demand for the book is 1500 copies, what is the expected profit (loss) of JRB?

Reference no: EM13224283

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