Question
The annual revenue for a small company is modeled by$$R=5000+1.75 x$$where $x$ is hundreds of units sold and $R$ is revenue in thousands of dollars. Find the number of units (to the nearest 100 ) that must be sold to generate at least $\$ 7.5$ million in revenue.
Step 1
Since 1 million is equal to 1000 thousands, we multiply 7.5 by 1000 to get 7500. So, we want the revenue $R$ to be greater than or equal to 7500 thousands of dollars. Show more…
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Refer to the following: The annual revenue for a small company is modeled by $$ R=5000+1.75 x $$ where $x$ is hundreds of units sold and $\mathrm{R}$ is revenue in thousands of dollars. Business. Find the number of units (to the nearest 100 ) that must be sold to generate at least $\$ 7.5$ million in revenue.
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The annual revenue for a small company is modeled by $$ R=5000+1.75 x $$ where $x$ is hundreds of units sold and $R$ is revenue in thousands of dollars. Find the number of units (to the nearest 100 ) that must be sold to generate at least $\$ 10$ million in revenue.
Review: Equations and Inequalities
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Refer to the following: The annual revenue for a small company is modeled by $$ R=5000+1.75 x $$ where $x$ is hundreds of units sold and $\mathrm{R}$ is revenue in thousands of dollars. Business. Find the number of units (to the nearest 100 ) that must be sold to generate at least $\$ 10$ million in revenue.
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