The cost, in cents, of manufacturing x pencils, is 1200+20x. The pencil sells for 50 cents each. What number of pencils need to be sold so that the revenue received is at least equal to the manufacturing cost?
A
27
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B
40
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C
33
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D
36
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Solution
The correct option is B 40 If each pencil sells at 50 cents, x pencils will sell at 50x. The smallest value of x such that 50x≥1200+20x x≥40 Correct answer is option B.