Solve the Problem. -Greg Is Opening a Car Wash. He Estimates His Cost

question 13

Multiple Choice

Solve the problem.
-Greg is opening a car wash. He estimates his cost equation as C = 6000 + 0.06x and his revenue equation as R = 1.95x, where x is the number of cars washed in a six month period. Find the minimum number of cars that
Need to be washed in a six month period to make a profit.

• A) 31,747 cars
• B) 2175 cars
• C) 318 cars
• D) 3175 cars

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Definitions:

Unilateral Mistake

A situation in contract law where only one party is mistaken about a material fact regarding the contract terms or subject matter.

Rescission

The legal act of canceling or terminating a contract, returning all parties involved to their original positions before the contract was made.

Renegotiation

is the process of revising the terms of an existing agreement or contract, often to reflect changed conditions or to improve the terms.

Professional Position

A role or job that requires specialized knowledge, training, and often a formal qualification.