Linear Equation

Question

A small company produces an item that sells for $20. It costs $5 in materials to make each item. In
addition the company has $1900 in operating costs. The company would like to make a profit of $1000.
Let x represent the number of items sold. Write an equation that can be used to represent this situation?

Answer 1

The item sells for $20 but costs $5 to manufacture.

Profit per item = $15

 

15x - 1900 = 1000