Florida Citrus produced 40,000 boxes of fruit that sold for Rs. 3 per box. The total variable costs for the 40,000 boxes were Rs. 60,000, and the fixed costs were Rs.75,000.

(a) What was the break-even quantity?

(b) How much profit (or loss) resulted?

[Ans.

(a) 50,000 boxes and

(b) Rs.15, 000 loss]