Formulate three inequalities based on the following information: A bicycle costs K60,000 and B costs K80,000. Total capital is K2,400,000.

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Part a): Formulate three inequalities

Let $x$ be the number of type A bicycles and $y$ be the number of type B bicycles.

1. Cost constraint: Type A bicycle costs K60 000. Type B bicycle costs K80 000. Total capital is K2 400 000. $$60000x + 80000y \le 2400000$$ Divide by 20000 to simplify: $$$$