Question

A charity is planning to raffle off a new car donated by a local car dealer. The charity wants to raise at least $70,000. It expects to sell at least 1250 tickets and to spend $5000 promoting the raffle. Find the possible ticket prices, p, by solving the following inequality: 1250p-5000 ≥ 70,000

Answer 1

Hi there! First off, to solve the inequality, we add 5,000 to both sides, because we are trying to cancel out -5,000. When you do that, you get 1,250p >= 75,000. Now, divide each side by 1,250 to isolate the variable. 75,000/1,250 is 60. x >= 60. There. The possible ticket prices could be at least $60 or more.