Question

It costs Chevy $20,000,000 to develop and market a new model of car. The company sells each car for $25,000. How many cars must Chevy sell to make more than $5,000,000 in profit? Use c to represent the number of cars. Which inequality can you use to present this problem?

Answer 1

Chevy must sell more than 1,000 cars to make more than $5,000,000 in profit.

Step-by-step explanation:

To find the number of cars Chevy must sell to make more than $5,000,000 in profit, we can set up an inequality using the given information. Let c represent the number of cars to be sold. The profit made by selling c cars is given by the equation:

Profit = (Price per car - Cost per car) * c

In this case, the price per car is $25,000 and the cost to develop and market a new model of car is $20,000,000. Setting up the inequality:

(25,000 - 20,000,000) * c > 5,000,000

Simplifying the inequality:

5,000 * c > 5,000,000

Dividing both sides by 5,000:

c > 1,000

Therefore, Chevy must sell more than 1,000 cars to make more than $5,000,000 in profit.