Question

the company recently reduced its production to 1 million bicycles, but maintained its profit of 30 million dollars. what greater number of bicycles had the company previously produced to make the same profit? round your answer to the nearest tenth.

Answer 1

To find the greater number of bicycles the company previously produced to make the same profit, divide the previous profit by the profit per bicycle.

Step-by-step explanation:

To determine the greater number of bicycles the company previously produced to make the same profit, we need to find the profit per bicycle. We can do this by dividing the profit by the current production:

Profit per bicycle = Profit / Production

Then, to find the previous production needed to make the same profit, we can divide the previous profit by the profit per bicycle:

Previous production = Previous profit / Profit per bicycle

By substituting the given values, we can solve for the previous production:

Previous production = 30 million / (30 million / 1 million) = 1 million bicycles

Answer 2

To determine the greater number of bicycles the company previously produced to make the same profit, set up a proportion using the production and profit. Cross-multiplying will give you the previous production number of bicycles, which is 1 million.

Step-by-step explanation:

To determine the greater number of bicycles the company previously produced to make the same profit, we can set up a proportion using the production and profit amounts. Let x represent the previous production number of bicycles. We can set up the proportion as follows:

(profit)/(production) = (30 million)/(1 million)

Simplifying this proportion, we get:

x/30 million = 1/30

Cross-multiplying, we find that x = 1 million.

Therefore, the company previously produced 1 million bicycles to make the same profit.