Question
Jose started a small business and wants to determine when the business will become profitable. His operating costs can be expressed as y=$10,000+$3,000x, where x is the number of months he stays in business. His sales revenues can be expressed as y=$4,500x, where x is the number of months he stays in business.
How many months will it take for his business to become profitable?
How many months will it take for his business to become profitable?
Answers
profitable means revenue exceeds costs
4500x > 10000+3000x
so solve for x, and that is how long it will take
4500x > 10000+3000x
so solve for x, and that is how long it will take
The answer for this question, thanks to ooblecko chango, is 7 months.
Related Questions
What is the purpose of preparing a trial balance?
A:To check the accuracy of the ledger
B:To d...
When getting started, a small business needs to define their role within an industry.or sector. How...
Imagine that you have started your own business and you now have to determine which software applica...