The company sells each license plate for $5.99. How many license plates does the company need to sell each month to make a profit?

Question

a company spends $5525 per month on overhead, and $2.50 per license plate. The company sells each license plate for $5.99. How many license plates does the company need to sell each month to make a profit?

Answer 1

we need revenue ... 5.99p ... to be

greater than expenses ... 2.5p + 5525

 

5.99p > 2.5p + 5525

5.99p - 2.5p > 5525

3.49p > 5525

 

Solve for p to find out how many plates must be made.