Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing
An electronics company has developed a new handheld device. The company predicts that the startup cost to manufacture the new product will be $225,000, and the cost to make one device will be $7.50. If the company plans on selling the devices at a price of $9, write and solve an inequality to determine how many must be sold for the company to make a profit. Show your work.
 5 months ago
 5 months ago
An electronics company has developed a new handheld device. The company predicts that the startup cost to manufacture the new product will be $225,000, and the cost to make one device will be $7.50. If the company plans on selling the devices at a price of $9, write and solve an inequality to determine how many must be sold for the company to make a profit. Show your work.
 5 months ago
 5 months ago

This Question is Closed

DemolisionWolfBest ResponseYou've already chosen the best response.1
So we'll do this in pieces. what is the cost of the company? cost of company to start = ?
 5 months ago

DemolisionWolfBest ResponseYou've already chosen the best response.1
yes, so profit = 22500 now if we we want to make any money, profit, we need to sell devices, what would the eqwuation look like if I wanted to know how much money I make for each device I sell?
 5 months ago

DemolisionWolfBest ResponseYou've already chosen the best response.1
it would look like this: how much money is made when each device is sold=9*x where x is the number of devices sold
 5 months ago

DemolisionWolfBest ResponseYou've already chosen the best response.1
I have to go soon..
 5 months ago

DemolisionWolfBest ResponseYou've already chosen the best response.1
so now our equation would look like this: profit = 9*x 22500 can you do what I did with the 9x but with how much it costs to make each device?
 5 months ago

MeMe22Best ResponseYou've already chosen the best response.0
yes 7.50*x22500 right?
 5 months ago

DemolisionWolfBest ResponseYou've already chosen the best response.1
very good, but I was a bit confusing when I asked you to do it ^_^ so now if we combine all the parts, the 22500 and 9*x and 7.50*x we get profit = 9x7.5x2500
 5 months ago

DemolisionWolfBest ResponseYou've already chosen the best response.1
profit = 9x7.5x22500 now we need to set the equation equal to x so we move the 22500 to the other side: 22500 = 9x7.5x now we factor out the x on the right side 22500 = x(97.5) simpilfy 22500 = x(1.5) divide both sides by 1.5 22500/1.5 = x now change the = sign to an inequality 22500/1.5 < x so in order for a company to make any profit, x must be greater than 22500/1.5 so, I sorta rushed it all at the end, but I have to go ^_^
 5 months ago

MeMe22Best ResponseYou've already chosen the best response.0
alright, thank you for the help!!
 5 months ago

DemolisionWolfBest ResponseYou've already chosen the best response.1
^_^ we did the hard part of setting up the equation. and all the stuff I rushed was just algebra stuff
 5 months ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.