Write the Word or Phrase That Best Completes Each Statement $\left\{ \begin{array} { l } y = 1.3 x \\y = 0.5 x + 2500\end{array} \right.$

question 82

Short Answer

Write the word or phrase that best completes each statement or answers the question.
The revenue equation for a certain brand of mouthwash is y = 1.3x, where x is the number of bottles of mouthwash sold
and y is the total income for selling x bottles. The cost equation is y = 0.5x + 2500, where x is the number of bottles of
mouthwash manufactured and y is the cost of producing x bottles. The following set of axes shows the graph of the cost
and revenue equations.
-Find the coordinates of the point of intersection, or breakeven point, by solving the system and explain its meaning.
$\left\{ \begin{array} { l } y = 1.3 x \\y = 0.5 x + 2500\end{array} \right.$

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, represented as the interest payable on any type of debt.

Casualty Losses

Financial losses resulting from sudden, unexpected, or unusual events such as accidents, natural disasters, or vandalism.

Multiple-Step Income Statement

An income statement that separates operating revenues and operating expenses from non-operating revenues, non-operating expenses, gains, and losses, providing a detailed analysis of income and expenses.

Gross Profit

The difference between revenue and the cost of making a product or providing a service, before deducting overhead, payroll, taxation, and interest payments.