Business A buys an item at a price of $175 for 50 units. The business pays a shipping company $0.49 per item to transport the items to its store. The retail price is $4.99 per each unit.

If Business A needs to make at least a $1500 profit to meet its goal, how could you set up an inequality to represent this situation?

Question

Business A buys an item at a price of $175 for 50 units. The business pays a shipping company $0.49 per item to transport the items to its store. The retail price is $4.99 per each unit.

If Business A needs to make at least a $1500 profit to meet its goal, how could you set up an inequality to represent this situation?

anonymous · Answer

First find the base rate for each unit

anonymous · Answer

Which is....?

vianne · Answer

$3.5 Sorry was doing something else. :L

mathmale · Answer

Business A pays $175 for 50 units.  How much must Business A pay to have all 50 units shipped to Business A?

vianne · Answer

Whoops I meant $4.99 I did $175/50 :L Or am I correct?

vianne · Answer

$24.5 to have all of them shipped?

mathmale · Answer

Note that PROFIT = REVENUE - EXPENSES.

Can't answer your statement, " I did $175/50."  What do you mean by "I did ..."?

mathmale · Answer

How much to have 1 shipped?
How much to have 10 shipped?
How much to have 175 shipped?

vianne · Answer

$0.49 to have 1 shipped. $4.9 to have 10 shipped. $85.75 to have 175 shipped.

anonymous · Answer

So what are you're total expenses if you add shipping and cost of the products?

vianne · Answer

Wait we're only shipped 50 units correct?

anonymous · Answer

Wait no revise that, what are the total expenses of ONE unit

vianne · Answer

$4.99 for retail price.

anonymous · Answer

Yeah but that contains a margin that the retailer puts there, what does the company SPEND to get it to them?

vianne · Answer

$4.5 for one unit if you do 175/50

anonymous · Answer

Recheck your math it's not 4.50

vianne · Answer

Whoops, typo, I meant 3.5 :L I feel dumb....

anonymous · Answer

Yeah and now add your shipping onto there

vianne · Answer

$3.99

anonymous · Answer

So the total expense are 3.99 and you sell them for 4.99

vianne · Answer

So then you do $4.99 x 50?

anonymous · Answer

So you're making a profit of 1.00 on each one you sell

vianne · Answer

Oh

anonymous · Answer

But it's asking for an inequality

anonymous · Answer

So let x=the number of units you sell

anonymous · Answer

Then write an inequality for when x exceeds 1500

vianne · Answer

x => 1500?

anonymous · Answer

Not => just >

anonymous · Answer

And there you go

vianne · Answer

Wait, are you serious?

anonymous · Answer

Yup $1 dollar profit on each one so there is no coefficient for the x
Thats your answer

vianne · Answer

Derp, thanks.. xD

anonymous · Answer

Wait, it's not just > its > or equal to

anonymous · Answer

Make sure you have that

anonymous · Answer

You're welcome

vianne · Answer

I was thinking of => because it says AT LEAST.. So wouldn't it be greater than or equal to ?