Assignment:
A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copy editing, typesetting) at $55,000, and variable costs (printing, paper, binding, shipping) at $1.60 for each book produced. If the book is sold to distributors for $11 each, how many must be produced and sold for the publisher to break even?
Provide complete and step by step solution for the question and show calculations and use formulas.