The soccer team is selling keys chains to raise money for the team. They ordered 100 key chains that cost $0.25 each. There is a flat shipping rate of $8. The team sells the key chains for $2 each. Write an algebraic inequality to find the fewest number of key chains, k, the team must sell to make the profit. What is the fewest number of key chains the team must sell to make a profit? Show your work and explain your thinking.

Question

Mathematics

Monique Friedman

8 July, 09:22

The soccer team is selling keys chains to raise money for the team. They ordered 100 key chains that cost $0.25 each. There is a flat shipping rate of $8. The team sells the key chains for $2 each. Write an algebraic inequality to find the fewest number of key chains, k, the team must sell to make the profit. What is the fewest number of key chains the team must sell to make a profit? Show your work and explain your thinking.

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Answers (1)

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Clinton Woodard · Answer 1

The formula to get the correct answer to question is this:

1.) To get the total cost of goods bought:

((100 key chains) x ($0.25 purchasing cost)) + ($8 shipping rate) = $33

Which means each key chain essentially costs $0.33 each

2.) To get the number of units they should sell to make profit:

Breakeven = Costs/Price meaning $33/$2 = 16.5

They should sell 16.5 units to make a profit.