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 -3x2 + 3480x – 100

 

Solution:-

 

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

C=195503-3x2+3480x-100 (fixed cost+variable cost)

C=-3x2+3480x+195,403

P=7000x-(195403-3x2+3480x)

=7000x-195403+3x2-3480x

=3x2-3520x-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