Planning Specialists Investors is opening an office in Philadelphia, Pennsylvania. Fixed monthly expenses are office rent $($$$2,700),$ depreciation on office furniture $($$$280),$ utilities $($$$250),$ special telephone lines $($ $$600),$ a subscription to an online brokerage service $($ $$650),$ and the salary of a financial planner $($$$4,520).$ Variable expenses include payments to the financial planner of revenue$),$ advertising $(4\%$ of revenue$),$ supplies and postage $(3\%$ of revenue$),$ and usage fees for the telephone lines and computerized brokerage service $(6\%$ of revenue$).$

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Requirement $1.$ Compute the investment firm's breakeven revenue in dollars. If the average trade leads to $$500$ in revenue for Planning Specialists, how many trades must it make to breakeven?

First identify the formula to calculate the breakeven point in dollars.