Bags Fixed Cost Variable Cost Total Cost

0 $1,700 $ - $1,700

100 $1,700 $500 $2,200

200 $1,700 $1,200 $2,900

300 $1,700 $2,700 $4,400

400 $1,700 $5,200 $6,900

500 $1,700 $9,000 $10,700

600 $1,700 $15,000 $16,700

700 $1,700 $23,800 $25,500

800 $1,700 $36,800 $38,500

900 $1,700 $55,800 $57,500

1,000 $1,700 $83,00 $84,700

Question:

You will charge an entry fee of $15 per participant. Determine the breakeven quantity of bags you must order. Remember orders must be in blocks of 100.

I think the answer is 300 because 100 bags at $15 per bag equals $1,500. The marginal cost of 300 bags is 15 (although I didn't show it here). Am I on the right track?