1. A high school wants to sell postage stamps with the school logo on them. The fundraising group have purchased 500 sheets of stamps at $16/sheet plus $50 to
create the image. They plan to sell each sheet for $20.
a) Write an equation that represents the cost of obtaining the stamps.
b) Write an equation that represents the income from sales.
c) For each equation, set up a table of values.
d) Graph each equation on the same set of coordinate axis.
e) What is the minimum number of sheets the group must sell so they don't lose
any money?
f) How much profit will they make if they sell 500 sheets?