Solve the Problem $\mathrm { n }$ Games Can Be Sold in a Month If the Price

question 242

Multiple Choice

Solve the problem.
-A retailer knows that $\mathrm { n }$ games can be sold in a month if the price is $30 - 0.2 \mathrm { n }$ dollars per game. If he buys each game for $\$ 14$ , and if he wishes to make a profit of at least $\$ 300$ per month on sales of this game, how many games must he sell each month?

• A) \(30 \leq n \leq 80\)
• B) \(30 \leq \mathrm { n } \leq 50\)
• C) \(25 \leq \mathrm { n } \leq 40\)
• D) \(25 \leq \mathrm { n } \leq 30\)

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Definitions:

Dumping

In international trade, it's the practice of selling a product in a foreign market at a price that is below the cost to produce it or below the price in the home market.

Tariffs

Taxes imposed by a government on imported goods to increase their price and protect domestic industries from foreign competition.

Predatory Dumping

The practice of selling a product in a foreign market at a price below its cost of production to undercut local competitors and gain market share.

Domestic Production

The total value of all goods and services produced within a country’s borders, reflecting the output of its economy.