Posts Tagged ‘Profit from selling’

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 418

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

Item Price Fixed Cost Variable 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