Determing a Break-Even Point
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John owns a shaved ice stand. He sells 700 shaved ice cups per month at $1.50 each, making the total revenue $1050. Each shaved ice costs John $0.50 and he has fixed cost of $750, making his total costs $1100. Therefore, he realizes a loss of $50 a month. Help him to determine what his break even point is.
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This solution provides a detailed, step-by-step explanation of the given accounting problem.
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