College Algebra Critical Thinking Please Help fixed problem!?
A retailer knows that n games can be sold in a month if the price is 20-0.3n dollars per game. If he buys each game for $2, and if he wishes to make a profit of at least $240 per month on sales of this game, how many games must he sell each month?
Favorite Answer
(20-0.3n) – 2
Total Profit:
n((20-0.3n)-2)
Formula (if he wants to make 240 profit):
n((20-0.3n)-2) = 240
n(18-0.3n) = 240
18n – 0.3n^2 = 240
(multiply both sides by 10/3)
60n – n^2 = 800
-n^2 + 60n – 800 = 0
(n – 20) x (- n + 40) =0
n= 20, 40
So, the retailer will make a profit if he sells between or at 20-40 games. This is a quadratic equation, so, you’ll see that his profit is above or at 240 if he sells between 20 and 40 games.
n(20 – 0.3n) – 2n = 240
20n – 0.3n^2 – 2n = 240
18n – 0.3n^2 = 240
for simplicity I would divide everything by -0.3
n^2 – 60n = -800
n^2 – 60n + 800 = 0
now factor
(n – 20)(n – 40) = 0
so the problem has 2 solutions n = 20 or n = 40
check the solution with the original equation
20(20 – 0.3(20)) – 2(20) = 240 (true)
40(20 – 0.3(40)) – 2(40) = 240 (true)
both answers check so the solution is n = 20 or 40
Cost of goods = 2x
Selling price = (20-0.3n)x
Profit = 20x-0.3nx-2x = 240
18x – 0.3nx = 240
x = 240/(18-0.3n) … in terms of ‘n’
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