With the costs taken into account, what was your total profit? Did you make
or lose money?
0.60x - $300 ≤ 500,000 - $300
0.60x ≤ 499,700
x ≤ 499,700 / 0.60
x ≤ 832,833.33
Based on the given equation, the total profit (x) must be less than or equal to 832,833.33 in order to not lose money.
To determine the total profit, we need to find the value of x in the given inequality.
First, we subtract $300 from both sides of the inequality:
0.60x - $300 ≤ 500,000 - $300
0.60x - $300 ≤ 499,700
Next, we can simplify the inequality further:
0.60x ≤ 499,700
To isolate x, we divide both sides of the inequality by 0.60:
x ≤ 499,700 / 0.60
x ≤ 832,833.33
Therefore, the value of x is less than or equal to 832,833.33.
Since there is no specific value given for x, we cannot calculate the exact total profit. However, based on the inequality, we can determine that the total profit should be less than or equal to $832,833.33.
As for whether you made or lost money, without additional information about the costs and profits, we cannot determine if you made or lost money.
To determine whether you made or lost money, we need to find the value of x from the given inequality.
Let's break down the steps to solve the inequality:
1. Subtract $300 from both sides of the equation:
0.60x - $300 ≤ 500,000 - $300
0.60x - $300 ≤ 499,700
2. Simplify the equation:
0.60x ≤ 499,700
3. Divide both sides of the inequality by 0.60 to isolate x:
x ≤ 499,700 / 0.60
x ≤ 832,833.33
Therefore, the value of x should be less than or equal to 832,833.33.
To determine whether you made or lost money, we need more information. If x represents the total profit, it would depend on the context of the problem. If x is positive (greater than zero), it means you made money. If x is negative (less than zero), it means you lost money.