It will cost $450,000,000 to develop a new electric car. Production costs per car are $25,000 and the car will sell for $45,000. How many cars must be sold to net (after all costs) $950,000,000?
It will cost $450,000,000 to develop a new electric car. Production costs per car are $25,000 and the car will sell for $45,000. How many cars must be sold to net (after all costs) $950,000,000?
Let the number of cars sold be N, now rewrite the above as an equation using N, and solve.