Question

A company that sells widgets has to pay 1000 in one-time equipment fees and then it costs $\$0.50$ for each widget it makes. It sells widgets at a price of $2.75 per widget. What is the least number of widgets the company has to sell in order to make a profit?

Answer 1

Answer:

12 widgets

Step-by-step explanation:

Answer 2

Answer:

$445$

Step-by-step explanation:

$\text{Profit}=\text{Price}-\text{Cost}\\\text{Profit}=2.75-50=2.25\\\text{In order to make back the starting amount we need to sell n lots of widgets.}\\2.25n\geq 1000\\n\geq \frac{1000}{2.25}\\n\geq 444.444444\\\text{You can't sell a fraction of products, so you need to round it up to the nearest number.}\\n=445$