The equation that represents your total earnings, T, based on the price of your cake and how many you sell is:
T = 50x, where x represents the number of cakes you sell.
To determine the most money you can hope to earn from your business, we need to find the maximum value of T.
Since the selling price of the cake is $50 and the number of cakes sold, x, can take any non-negative integer value, the maximum value of T will occur when x is at its highest possible value.
Therefore, the most money you can hope to earn from your business is when you sell the maximum number of cakes possible.
b)
Solve this inequality and choose the graph of the solution.
* Make sure to round to the nearest dollar.
Do not include dollar signs in the solution
You can copy and paste the inequality sign below in your answer.
≥ < > ≤
*
You plan to sell each cake for $50. Write an equation that represents your total earnings, T, based on the price of your cake and how many you sell. Let x represent the number of cakes you sell.
* Use T and x as your variables
Using your answer from part b and your equation from part c, what is the most money you can hope to earn from your business?
Don’t forget that at the beginning of the process you had to spend some of your own money to get started. With the costs taken into account, what was your total profit?
1 answer