Question

question
a car manufacturing firm wishes to introduce a new line of tires into its product range. it costs them $50,000 to introduce the new line, and $1.20 per tire. if they have a budget of $300,000 to introduce the new line, how many tires can they make? give your answer to the nearest thousand.

provide your answer below:

tires

Explanation:

Step1: Calculate available budget for tires

$300000 - 50000=250000$

Step2: Calculate number of tires

$\frac{250000}{1.2}\approx208333.33$
Rounding to the nearest thousand gives 208000.

Answer:

208000