To determine the inequality that represents the situation, we need to consider the total revenue from selling cookies and the minimum profit the class wants to achieve.
- The total revenue from selling the cookies is given by \(120p\), where \(p\) is the price per cookie.
- The total cost of making the cookies is $22.
- The class wants to make at least $50 profit from selling the cookies.
The profit can be represented as the total revenue minus the total cost:
\[ \text{Profit} = \text{Total Revenue} - \text{Total Cost} \]
Substituting in the values we have:
\[ \text{Profit} = 120p - 22 \]
To earn at least $50 in profit, we set up the inequality:
\[ 120p - 22 \geq 50 \]
So the correct inequality to determine the possible prices \(p\) is:
120p - 22 ≥ 50
For Question 2, if the class sells each cookie for $0.60, we can check if this meets the goal.
- Calculate the total revenue if the price per cookie is $0.60:
\[ 120p = 120 \times 0.60 = 72 \]
- Calculate the profit:
\[ \text{Profit} = 72 - 22 = 50 \]
Since the profit of $50 meets the goal of at least $50, the price of $0.60 per cookie is acceptable.