question\na car manufacturing firm wishes to introduce a new line of tires into its product range. it costs…

question\na 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.\n\nprovide your answer below:\n\ntires

question\na 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.\n\nprovide your answer below:\n\ntires

Answer

Answer:

208000

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.