Write a system of equations to describe the situation below, solve using any method, and fill in the blanks.Darrell's Bakery recently spent a total of $115 on new equipment, and their average hourly operating costs are $15. Their average hourly receipts are $16. The bakery will soon make back the amount it invested in equipment. What would the total expenses and receipts both equal? How many hours will that take?The bakery's expenses and receipts will both total $_____ after _____ hours.
Q. Write a system of equations to describe the situation below, solve using any method, and fill in the blanks.Darrell's Bakery recently spent a total of $115 on new equipment, and their average hourly operating costs are $15. Their average hourly receipts are $16. The bakery will soon make back the amount it invested in equipment. What would the total expenses and receipts both equal? How many hours will that take?The bakery's expenses and receipts will both total $_____ after _____ hours.
Define Variables: Let's define the variables:Let x be the number of hours the bakery operates after buying the new equipment.The total expenses after x hours will be the initial investment plus the operating costs, which is $115+$15x.The total receipts after x hours will be the hourly receipts times the number of hours, which is $16x.We want to find the value of x when the expenses equal the receipts.
Write Equation: Write the equation representing the situation where the expenses equal the receipts: $115+$15x=$16x
Solve for x: Now, let's solve for x:115+15x=16xSubtract 15x from both sides to get:115=16x−15x115=1x115=x
Calculate Total Expenses: So, the bakery will break even after 115 hours.Now, we need to calculate the total expenses and receipts after 115 hours.Total expenses = Initial investment + (Operating costs per hour × Number of hours)Total expenses = $115 + ($15×115)
Calculate Total Receipts: Calculate the total expenses:Total expenses = $115+($15×115)Total expenses = $115+$1725Total expenses = $1840
Calculate Total Receipts: Calculate the total expenses:Total expenses = $115+($15×115)Total expenses = $115+$1725Total expenses = $1840Since the expenses and receipts are equal when the bakery breaks even, the total receipts will also be $1840 after 115 hours.
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