Question 60·Hard·Linear Inequalities in One or Two Variables
A manufacturing company produces and sells gadgets. The company earns $45 in revenue for each gadget sold but spends $18 in variable costs per gadget and has fixed weekly operating costs of dollars. The company’s weekly profit must be at least and at most of its weekly revenue.
Let be the number of gadgets the company produces and sells in a week.
Which inequality represents all possible values of that satisfy the company’s goal?
For word problems with profit and percentages, first translate all words into algebra: write revenue, total cost, and profit in terms of the given variable. Next, carefully convert phrases like "at least 20% and at most 35% of revenue" into a compound inequality of the form (percent)·(revenue) ≤ profit ≤ (percent)·(revenue). Substitute your expressions, then solve each inequality step by step to find the lower and upper bounds on the variable. Finally, match your combined inequality to the answer choice, watching for reversed bounds or percent conditions applied to the wrong quantity.
Hints
Start by defining the key quantities
Write expressions in terms of and for the weekly revenue, the weekly total cost (variable plus fixed), and the weekly profit (revenue minus total cost).
Turn the percent statement into math
"Profit must be at least and at most of revenue" means profit lies between two multiples of revenue. How can you write that as one compound inequality using profit and revenue?
Substitute and solve
After you write , replace revenue and profit with your expressions in and , then solve each side of the inequality separately to get a lower and an upper bound for .
Desmos Guide
Define revenue and profit in Desmos
In Desmos, let stand for . Enter R(x) = 45x for revenue and P(x) = 27x - k for profit. If you like, choose a convenient positive value for k (for example, type k = 90) so Desmos can graph the lines.
Graph the lower (20%) profit target
Enter L(x) = 0.2*R(x) to represent of revenue. Look at the intersection of the graphs of P(x) and L(x) and click it; the -coordinate of this point is the minimum value that meets the requirement for your chosen .
Graph the upper (35%) profit target
Enter U(x) = 0.35*R(x) to represent of revenue. Find the intersection of P(x) and U(x); the -coordinate is the maximum value that keeps profit at or below of revenue for that same .
Compare with the answer choices
Use Desmos to compute each choice’s bounds for the same (for example, type k/18, 4k/45, etc.) and compare these numbers with the two intersection -values you found. The correct answer is the one whose lower and upper bounds match those intersection values.
Step-by-step Explanation
Write expressions for revenue, cost, and profit
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Revenue per gadget is , so weekly revenue is .
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Variable cost per gadget is , and fixed weekly cost is , so total weekly cost is .
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Profit = revenue total cost, so
.
Translate the percent condition into an inequality
The company wants profit to be at least and at most of revenue.
- of revenue is .
- of revenue is .
"At least" becomes and "at most" becomes . So the condition is:
.
Solve the left inequality for the lower bound on g
Start with the left side:
Compute :
Subtract from both sides:
Add to both sides:
Divide by (positive, so the inequality direction stays the same):
So must be at least .
Solve the right inequality for the upper bound on g
Now use the right side:
Compute :
Subtract from both sides:
Add to both sides:
Divide by (positive):
Since , dividing by is the same as multiplying by :
So must be at most .
Combine both bounds and match the answer choice
Both conditions must be true at the same time:
- From the left inequality:
- From the right inequality:
Together, this is the compound inequality:
This matches answer choice D.