## Posts Tagged ‘Cost’

## Problem 629

**Find expressions for the Revenue, Cost, and Profit from selling x thousand items.**

Item PriceFixed CostVariable Cost

$7.00 $195,503 -3x^{2} + 3480x – 100

**Solution:-**

R=7000x (7 dollars per 1000x items)

C=195503-3x^{2}+3480x-100 (fixed cost+variable cost)

C=-3x^{2}+3480x+195,403

P=7000x-(195403-3x^{2}+3480x)

=7000x-195403+3x^{2}-3480x

=3x^{2}-3520x-195,403

## Problem 445

**Find expressions for the Revenue, Cost, and Profit from selling x thousand items.**

**
**Item Price Fixed Cost Variable Cost

$5.00 $58,684 3698x

**Solution:**–

Revenue=5000x (5 dollar per item * 1000x)

Cost=58684+3698x (fixed cost+variable cost)

Profit=5000x-58684-3698x (revenue profit)

Profit= 1302x-58684