Question

The carnival owner pays the owner of an exotic animal exhibit $650 for the entire time the exhibit is displayed. The owner of the exhibit has no other expenses except for a daily insurance cost. If the owner of the animal exhibit wants to make more than $500 in profit for the 5 1/2 days, what is the greatest daily insurance rate he can afford to pay?

Answer 1

  650 - 5.5i > 500                i = insurance
-650          >-650
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  -5.5i  > -150
  -5.5      -5.5
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   i < 27.27                the maximum daily cost that the owner can pay for                                            insurance is $27.27