SOLUTION: The equation y = 0.002x+ 0.50 can be used to determine the approximate profit, y in dollars, of producing x items. How many items must be produced so the profit will be at least $1

Algebra ->  Algebra  -> Equations -> SOLUTION: The equation y = 0.002x+ 0.50 can be used to determine the approximate profit, y in dollars, of producing x items. How many items must be produced so the profit will be at least $1      Log On

Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   


Question 233539: The equation y = 0.002x+ 0.50 can be used to determine the approximate profit, y in dollars, of producing x items. How many items must be produced so the profit will be at least $1795?

Answer by rapaljer(4667) About Me  (Show Source):
You can put this solution on YOUR website!
y = 0.002x+ 0.50

Solve for x where y = 1795
1795=0.002x+0.50

Subtract 0.50 from each side:
1794.50=.002x

Divide both sides by .002

%280.002x%29%2F%280.002%29=1794.5%2F0.002

x=897,250 items

Dr. Robert J. Rapalje, Retired