The table shows the annual profits (in thousands of dollars) of a county fair from 2008 to 2012. What must the 2012 profit be (in hundreds of dollars) to break even over the five-year period?
Answers
Given : The table showing the annual profits (in thousands of dollars) of a county fair from 2008 to 2012.
To Find : What must the 2012 profit be (in hundreds of dollars) to break even over the five-year period?
Solution:
2012 profit be (in hundreds of dollars) to break even over the five-year period = 10x
Then in thousands of dollars = 10x * 100 / 1000 = x
break even over the five-year period = Net profit = 0
2.5 + 1.75 - 3.3 - 1.4 + x = 0
=> 4.25 - 4.7 + x = 0
=> -0.45 + x = 0
=> x = 0.45
=> 10x = 4.5
2012 profit be (in hundreds of dollars) to break even over the five-year period = 4.5
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