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#1 2024-03-12 00:42:40

nycguitarguy
Member
Registered: 2024-02-24
Posts: 542

Business Math Problem

Suppose that the revenue R, in dollars, from selling x clocks is R(x) = 30x.  The cost C, in dollars, of selling x clocks is given by C(x) = 0.1x^2 + 7x + 400.


A. Find the profit function P(x) = R(x) -  C(x).

I gather that profit means revenue minus cost.


Yes?


If so, P(x) = 30x - (0.1x^2 + 7x + 400).


Yes?


B. Find the profit if x = 30 clocks are sold.


For part B, I must evaluate P(30). Correct?

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#2 2024-03-12 00:50:45

Bob
Administrator
Registered: 2010-06-20
Posts: 10,196

Re: Business Math Problem

Yes^3

B


Children are not defined by school ...........The Fonz
You cannot teach a man anything;  you can only help him find it within himself..........Galileo Galilei
Sometimes I deliberately make mistakes, just to test you!  …………….Bob smile

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#3 2024-03-12 11:50:30

nycguitarguy
Member
Registered: 2024-02-24
Posts: 542

Re: Business Math Problem

Bob wrote:

Yes^3

B

What do you mean by yes to the third power?

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#4 2024-03-12 22:17:27

Bob
Administrator
Registered: 2010-06-20
Posts: 10,196

Re: Business Math Problem

You asked three questions. Each answer was yes so I thought I'd save time by writing yes^3. That failed didn't it.

Bob


Children are not defined by school ...........The Fonz
You cannot teach a man anything;  you can only help him find it within himself..........Galileo Galilei
Sometimes I deliberately make mistakes, just to test you!  …………….Bob smile

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#5 2024-03-13 02:05:17

nycguitarguy
Member
Registered: 2024-02-24
Posts: 542

Re: Business Math Problem

Bob wrote:

You asked three questions. Each answer was yes so I thought I'd save time by writing yes^3. That failed didn't it.

Bob

Wow! Cool. Good idea.

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