Posts Tagged ‘Profit’

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