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Selling Widgets Online

Solve this problem any way you can.  But, you must explain how you got your anwer.

Suppose you are selling widgets online with $9.50 in gross profit for every 100 visits to your website. You must buy online advertisements like the one shown above that cost you 7 cents per click and each person that clicks on the ad is directed to your website.  How many click-throughs are needed in order to make you $10 in net profit?

Discussion:  What if your bid of 7 cents per click does not get you many clicks?  Note that the higher your bid price is, the better placement you get and the more clicks you get.

 

 

 

 

 

 

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