Definition of Breakeven point:
Point in time (or in number of units sold) when forecasted revenue exactly equals the estimated total costs; where loss ends and profit begins to accumulate. This is the point at which a business, product, or project becomes financially viable.
How to use Breakeven point in a sentence?
- When you have taken on a risky venture sometimes just getting back to the breakeven point can be considered a win.
- It costs Johns business $500 to buy the 500 bags of garden mulch in wholesale, which he sold at $2.50 per bag which means he would need to sell 200 bags of garden mulch to reach the breakeven point .
- We had reached the breakeven point in our production and sales balance so we needed to increase output this quarter to maximize profits.
Meaning of Breakeven point & Breakeven point Definition