Answer
The point where the sales are equal to the expenditure or the point where the curves of the cost and revenue functions intersect.
Work Step by Step
We know that the ‘Breakeven Point’ in a business is that point where the sales and the expenditures are equal; this means that there will neither be any profit nor loss.
So, in other words, when the graphs of cost and revenue intersect, the intersection point is called the ‘Breakeven Point.’
