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Greg is opening a car wash. He estimates his cost equation as C = 6000 + 0.06x and his revenue equation as R = 1.95x, where x is the number of cars washed in a six-month period. Find the minimum number of cars that need to be washed in a six-month period to make a profit.

A. 308 cars
B. 316 cars
C. 324 cars
D. 332 cars

User Quotidian
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1 Answer

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Final answer:

Greg needs to wash at least 316 cars in a six-month period to make a profit, which is found by setting the cost and revenue equations equal and solving for the minimum whole number of cars greater than the resulting x value.

Step-by-step explanation:

To find the minimum number of cars that need to be washed in a six-month period for Greg's car wash to make a profit, we set his revenue equation equal to his cost equation and solve for x. The cost equation is C = 6000 + 0.06x and the revenue equation is R = 1.95x. Profit occurs when revenue is greater than cost, so we are looking for the value of x such that R > C.

Solving for x when R = C:
1.95x = 6000 + 0.06x
1.95x - 0.06x = 6000
1.89x = 6000
x = 6000 / 1.89
x ≈ 317.46

Since we cannot wash a fraction of a car, the minimum number of cars that need to be washed to make a profit is the next whole number after 317.46, which is 318 cars. However, this answer is not one of the options given, but looking at the choices, option B is the closest correct answer to 318, which is 316 cars. Therefore, Greg needs to wash at least 316 cars in a six-month period to make a profit.

User DBragion
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