If a barber wants to cover a total monthly expense of $5,000 for 200 haircuts, what minimum price must he charge per haircut?

To determine the minimum price the barber must charge per haircut to cover his total monthly expenses, we first need to understand how to calculate the cost per haircut.

The barber's total monthly expense is $5,000, and he aims to provide 200 haircuts in that month. To find the minimum price per haircut, you can use the formula:

Minimum Price per Haircut = Total Monthly Expenses / Total Number of Haircuts

Plugging in the given numbers:

Minimum Price per Haircut = $5,000 / 200 = $25

This calculation shows that in order to cover his monthly expenses of $5,000 through 200 haircuts, the barber needs to charge at least $25 per haircut. This ensures that the income from the haircuts will exactly match his costs without leading to a loss.

The answer is $25, as it allows the barber to break even, covering his expenses while providing the service he offers.