Answer:
By using the recycled plastic the company will save $1050.
Step-by-step explanation:
A company needs to make at least 75,000 bottles.
Now, 20-oz bottles can be made from 1 pound.
Then, 75000-oz bottles can be made from pounds of plastic.
Now, the cost of new plastic is $0.83 per pound.
So, cost of new plastic to make 75000 bottles will be $(3750 × 0.83) = $3112.5.
Again, the cost of recycled plastic is $0.55 per pound.
So, cost of recycled plastic to make 75000 bottles will be $(3750 × 0.55) = $2062.5.
Therefore, by using the recycled plastic the company will save $(3112.5 - 2062.5) = $1050. (Answer)
