1. A firm pays $1.75 for each copy of a magazine and sells each one for $2.50. There is a fixed monthly cost of $40 for printing the publication. If the firm wants to make $550 dollars next month, how many magazines do they have to sell?

Question

1.  A firm pays $1.75 for each copy of a magazine and sells each one for $2.50.  There is a fixed monthly cost of $40 for printing the publication.  If the firm wants to make $550 dollars next month, how many magazines do they have to sell?

Steve · Accepted Answer

oops, the $40 is a cost, not a profit x(2.50-1.75) - 40.00 >= 550.00 x >= 754

Steve · Answer

For x magazines, we need x(2.50-1.75) + 40.00 >= 550.00 x >= 680