Shreya C.
Period 7
Algebra 1-2
Suppose you are starting a daycare center. You have spent $1500 on equipment and materials for the children. You spend $10/day on food. Your total income is $50/day. How many days will it take you to break even?
Let d= number of days
Your income per day is $50
Income= 50d
You have spent $1500 on equipment and you spend $10 each day on food
Expense= 1500+10d
Expense=Income; to find the break even point expenses must be the same as your income
1500+10d=50d
1500+10d=50d
-10d -10d ß Combine the variables
ß
Divide to isolate variable
37.5 = d ß
Solution
Substitute the number of days into one of the equations
Income= 50d
= 50(37.5)
= 1875 dollars
Then, figure out how to earn a profit
Substitute a high number than the answer into an equation
Expense= 1500+10d
= 1500+10(38)
= 1500+380
= 1880 dollars ßHigher than break even point; made a profit