A Retailer Knows That N Games Can Be Sold in a Month

question 220

Multiple Choice

A retailer knows that n games can be sold in a month if the price is 30-0.2n dollars per game. if he buys each game foe $18, and if he wishes to make a profit of at least $160 per month on sales of this game, how many games must he sell each month?

• A) 20Games \(\leq \mathbf { n } \leq\)60 Games
• B)20Games\(\leq \mathbf { n } \leq\) 40 Games
• C) 20 Games\(\leq \mathbf { n } \leq\) 20 Games
• D) 20 Games\(\leq \mathbf { n } \leq\)30 Games

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Definitions:

Rental Income

Income earned from renting out property or equipment.

Fair Market Value

The price that property would sell for on the open market between a willing buyer and a willing seller.

Rental Payment

The amount paid periodically by a tenant to a landlord in exchange for the use of property or land.

Primarily Rental Property

Real estate that is predominantly used for rental to others, rather than as the owner's primary residence.