How many correct answers from any individual student does it
How many correct answers from any individual student does it take before the Math Professor starts to make a profit from that student ?
Solution
For the first 27 answers the professors only pays to the student.
Total amount paid to student for first 27 answers is: 3*1000+24*500=15000
Beyond this the student starts to pay $5 to the professor
Total amount paid to student for x answers beyond the first 27 answers is:15000-5x
For the professor to start making profit first he must recover the 15000
ie 15000-5x=0
3000=x
So 3000+27=3027 correct answers before the professore starts to make a profit
