The inequality <u>6s - 300 > 210</u> represents the minimum number of socks (s) when George bought socks for "$"300 and planned to sell them for $6 a pair, and want to make a profit of more than 210.
In the question, we are given that George bought socks for $300.
Therefore, George's total cost = $300.
We assume the number of pairs of socks George sells to be s.
The unit price per pair quoted by George = $6
Therefore, George's total sales = $6s.
We know that the profit over a transaction is given as the difference between sales and costs, that is,
The profit = The total sales - the total costs,
or, profit = 6s - 300.
In the question, we are required to make a profit of more than 210.
This can be shown by the inequality,
6s - 300 > 210.
Thus, the inequality <u>6s - 300 > 210</u> represents the minimum number of socks (s) when George bought socks for "$"300 and planned to sell them for $6 a pair, and want to make a profit of more than 210.
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List price=L Discount