Complete Question
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Answer:
The value of k is [tex]k = 214285.7[/tex]
The percentage of the oil that will be cleaned is [tex]x = 80.77\%[/tex]
Step-by-step explanation:
From the question we are told that
The cost of cleaning up the spillage is [tex]C = \frac{ k x }{100 - x }[/tex] [tex]x \le x \le 100[/tex]
The cost of cleaning x = 70% of the oil is [tex]C = \$500,000[/tex]
Now at [tex]C = \$500,000[/tex] we have
[tex]\$ 500000 = \frac{ k * 70 }{100 - 70 }[/tex]
[tex]\$ 500000 = \frac{ k * 70 }{30 }[/tex]
[tex]\$ 500000 = \frac{ k * 70 }{30 }[/tex]
[tex]k = 214285.7[/tex]
Now When [tex]C = \$900,000[/tex]
[tex]x = 80.77\%[/tex]