Breakeven is reach a point in a business venture when the profits are equal to the costs. the way to work out breakeven is Fixed Cost/ (selling price- variable cost).
Fixed costs is a business costs, such as rent, that are constant whatever the amount of goods produced. Businesses such as a hairdressers would have a fixed cost on
variable costs is a cost that varies with the level of output
The total cost is the amount of money spent by a firm on producing a given level of output. Total costs are made up of fixed costs (FC) and variable costs (VC).
In business, revenue or turnover is income that a company receives from its normal business activities, usually from the sale of goods and services to customers.
What can affect BEP
Many things can affect the breakeven point, such as the total cost and selling price because if its less you have to sell more and if its more you have to sell less.