Question

our business has a growing revenue of $100,000 plus a total cost of 150,200 in expenses. Each customer pays 15 dollars per hour. How many customers will we need to double our revenue? write the equation for this.​

Answer 1

To double a revenue of $100,000 with each customer paying $15 per hour, we need approximately 13,334 customers. The equation is 15x = 200,000, where 'x' represents the number of customers.

Step-by-step explanation:

The question involves finding out how many customers are needed to double a business's current revenue of $100,000. With each customer paying $15 per hour, we can set up an equation to find the number of customers needed to achieve the new revenue target.

Let's denote the number of customers needed as 'x'. To double the current revenue of $100,000, we need a total revenue of $100,000 × 2 = $200,000. Since each customer pays $15 per hour, the total revenue from 'x' customers would be 15 × x. So, our equation to find 'x' is:

15x = 200,000

To solve for 'x', we simply divide both sides of the equation by 15, giving us:

x = 200,000 / 15

x = 13,333.33

Therefore, the business would need approximately 13,334 customers to double its revenue, assuming each customer pays for one hour of service.