Answer:
x ≥ 17,500
Step-by-step explanation:
To solve this problem, we will follow the steps below:
let x be the cost of the next year's model
Writing the question in a mathematical format yield
$14,000 ≤ 80% of x
This implies ;
80% of x ≥$14,000
80% × x ≥$14,000
[tex]\frac{80X}{100}[/tex] ≥ $14,000
multiply both-side of the inequality by 100
[tex]\frac{80X}{100}[/tex] × 100 ≥ $14,000 × 100
at the left hand-side of the inequality 100 will cancel-out 100 leaving us with just 80x
80x ≥ $1,400,000
Divide both-side of the equation by 80
80x /80 ≥ $1,400,000/80
x ≥ 17,500
