An import firm pays a tax of $10 on each radio it imports. In addition to this tax, a penalty tax must be paid if more than 1000 radios are imported. The penalty tax is computed by multiplying 5 cents by the number of radios imported in excess of 1000. This tax must be paid on each radio imported. If 1006 radios are imported, the penalty tax is 6 • 5 = 30 cents and is paid on each of the 1006 radios. If the firm wants to spend no more than a total of $640,000 on import taxes, how many radios can it import?
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