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.
Total cost
Now we must add everything we have done so far to find total cost as TOTAL COST = FIXED COST + VARIABLE COST. So using the same figures you have input, complete the total cost column on the table.
| Number of ice creams sold | 0 | 50 | 100 | 150 | 200 | 250 | 300 | 350 |
|---|---|---|---|---|---|---|---|---|
| Fixed cost | 0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
| Variable cost | 0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
| Total cost | 0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |