Question

OMG PLEASE HELP ME ASAP!!!!!!! A local charity sponsors a 5K race to raise money. It receives $55 per race entry and $10,000 in donations, but it must spend $15 per race entry to cover the cost of the race. Write and solve an inequality to determine the number of race entries the charity needs to raise at least $55,000.

Answer 1

Start with how much profit they are making off each race entry. People pay $55 to race, but $15 of that is expenses so they are only profiting $40 for each entry. Now write one side of the equality. They start with $10,000 in donations, and then have a $40 profit for each race entry. So 10,000+40x. X will represent the unknown number of race entries. What do we want that expression to be equal to? We want 10000+40x>55000. It can also be greater than or equal to, not just greater than. Solve for x. Subtract 10000 from each side resulting in 40x>45000. Divide each side by 40 to solve for x. X>1125. X needs to bbe greater than or equal to 1125. If there are 1125 race entries, the charity will profit exactly $55000, so the lowest number of race entries is 1125