Question

The carnival owner pays the owner of an exotic animal exhibit $650 for the entire time the exhibit is displayed. The owner of the exhibit has no other expenses except for a daily insurance cost. If the owner of the animal exhibit wants to make more than $500 in profit for the 5 1/2 days, what is the greatest daily insurance rate he can afford to pay?

Answer 1

650 - 5.5i > 500 i = insurance
-650 >-650
-----------------------
-5.5i > -150
-5.5 -5.5
---------------------
i < 27.27 the maximum daily cost that the owner can pay for insurance is $27.27