Instructions
The main aim of most businesses is to make a profit. To do this a business needs to take in more money (total revenue) than its costs to produce its goods and services (total cost). Complete the data in the tables to plot the fixed, variable and total cost lines and the total revenue line to work out the break-even point for an ice cream seller.
Variable cost
The ice cream seller may have to pay 50p for the materials to sell one ice cream. Complete the table below to show the variable cost.
| Number of ice creams sold | Variable cost (number x 50p) |
|---|---|
| 0 | 0 |
| 50 | 0 |
| 100 | 0 |
| 150 | 0 |
| 200 | 0 |
| 250 | 0 |
| 300 | 0 |
| 350 | 0 |