Explain what break-even point is and what the formulae is in
general terms. Please answer in 350 words and only in word format.
Please dont copy paste the explanation from wikipedia or
investopedia.
And also Please provide explanation of this calculation given
below in details.
Unit Price =$100.00
Unit Variable Cost =$30.00
Fixed Cost=$21,000,000
Unit CM=$100 -$30=$70
Profit=70*Q-21,000,000
At Breakeven, Q =21,000,000/70 =300,000
Thanks