Question

the elevator pitch math quiz question 2 of 10: a software start - up is pitching to raise money to write code. they need a team of four coders for two years, and each coder costs $100,000 per year. their app will sell for $0.25. how many do they need to sell just to cover the coding cost? a) 1,400,000 b) 1,500,000 c) 2,600,000 d) 3,200,000

Explanation:

Step1: Calculate total coding cost

The cost for one coder per year is $100,000. There are 4 coders for 2 years. So the total coding cost $C$ is $C = 100000\times4\times2=800000$.

Step2: Calculate number of apps to sell

Let the number of apps be $n$. Each app sells for $0.25. To cover the cost, we set up the equation $0.25n=800000$. Solving for $n$, we get $n=\frac{800000}{0.25}=3200000$.

Answer:

d) 3,200,000