The price that a company charged for a basketball hoop is given by the equation mc012-1.jpg where x is the number of hoops that are produced, in millions. It costs the company $30 to make each basketball hoop. The company recently reduced its production to 1 million hoops but maintained its profit of 15 million dollars. Approximately how many basketball hoops did the company previously produce to make the same profit?
1.3 million hoops
1.4 million hoops
15 million hoops
30 million hoops

Question

The price that a company charged for a basketball hoop is given by the equation mc012-1.jpg where x is the number of hoops that are produced, in millions. It costs the company $30 to make each basketball hoop. The company recently reduced its production to 1 million hoops but maintained its profit of 15 million dollars. Approximately how many basketball hoops did the company previously produce to make the same profit?
1.3 million hoops
1.4 million hoops
15 million hoops
30 million hoops