The net amount they raise is the amount they receive minus what they pay in expenses.
They receive:
$10,000 fixed amount in donations
$55 per person
They pay:
$15 per person
If there are x number of entries, they receive 55x from the entries.
Also, they pay 15x for the entries.
The net amount they raise is amount they receive min us amount they pay:
55x + 10,000 - 15x
which simplifies to
40x + 10,0000
They want to raise at least $55,000.
At least $55,000 means $55,000 or more.
They want to raise an amount greater than or equal to $55,000.
Now we write the inequality:
40x + 10,000 >= 55,000
Now we solve the inequality for x, the number of entries.
40x >= 45,000
x >= 1125
They must have 1125 or more race entries to raise $55,000.
