Identify the formula for a breakeven analysis. Use the formula to compute the number of ice cream cones, we would need to sell next summer to make a profit of $2000 when our total fixed costs for the stand, for the three months we are opened is $500. We sell only one size cone at a price of $1.50 and our variable cost per cone is $0.50.

What is the break-even point in the number of cones sold and how many cones are required to be sold if the summer profit is $2000?