Question:
Byron is planning to finance his college education by selling programs at the football games. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee paid to the University for the right to sell these programs. If Byron was able to sell programs for $5 each, how many would he have to sell to break even? How many would he have to sell to make a profit of $5,000?