Graph an inequality to represent your profit margin.
9.50 30 = 585.00
I am not sure what to do to show this. please explain
Graph an inequality to represent your profit margin.
9.50 x 30 = 585.00
I am not sure what to do to show this. please explain
you have given an equation, not an inequality. I suspect there is more to this problem.
yes it is an inequality I am lost at this point.
you keep saying it is an inequality. You need to use the symbols > or >= or < or <= to indicate the kind of inequality.
/the question reads How much profit will your business be able to earn with your initial investment (what were you willing to spend)? I was willing to spend $500
so 9.50 30 - 585.00 - 500.00 Will you make this exact amount more than this or less than this? Represent this or a number line. Think about it will be an open or closed circle.
so would it be 585 >= 500?
I would say so. But the profit is 585-500 = 85
Next thing is graph an inequality to represent your profit margin. So would it be an open circle graph starting at 85?
HELP
no, profit margin is the percent of revenue that is profit.
You clearly need to review your text on this matter. Surely there is a similar exercise explained there.
To graph an inequality representing your profit margin, we need to understand the given equation:
9.50 * 30 = 585.00
This equation suggests that your profit margin is calculated by multiplying the cost of a single item (9.50) by the number of items sold (30), resulting in a profit of $585.00.
When representing this inequality on a graph, the x-axis typically represents the number of items sold, and the y-axis represents the profit.
To create the graph, follow these steps:
1. Define the axes: Label the horizontal axis as the "Number of Items Sold" and the vertical axis as "Profit."
2. Determine the range for the x-axis: Consider the context of the problem and set an appropriate range for the number of items sold. For example, if you want to represent the range from 0 to 50 items, mark the points from 0 to 50 along the x-axis.
3. Determine the range for the y-axis: Analyze your profit values and choose a suitable range. If your profit can be negative (indicating a loss), include negative values on the y-axis. If your profit can only be positive, set the range from 0 to a value larger than your maximum profit.
4. Plot the points: Take different values for the number of items sold (x) and calculate the corresponding profit (y) using the given equation. For example, if you want to plot three points, you could choose x = 0, x = 10, and x = 20. Calculate the profit for each of these values of x using the equation and plot these points on the graph.
5. Draw the line: After plotting the points, connect them with a straight line. This line represents the profit margin equation.
6. Determine the region: The region above the line represents the values where the profits are greater than the equation; the region below the line represents the values where the profits are lesser.
In this case, since the equation is a single equation (not an inequality), the profit margin will be represented by a straight line. The graph will consist of a single line passing through a point that illustrates the given profit value.