SOLUTION: Another word problem Im having trouble with.
Using R for revenue, C for cost, and P for profit, write an expression for selling x thousand items if the the following is true.
It
Algebra.Com
Question 98415: Another word problem Im having trouble with.
Using R for revenue, C for cost, and P for profit, write an expression for selling x thousand items if the the following is true.
Item price: $8.00
Fixed Costs $71,174
Varaible Costs $3816x
Thank you
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Using R for revenue, C for cost, and P for profit, write an expression for selling x thousand items if the the following is true.
Item price: $8.00
Fixed Costs $71,174
Variable Costs $3816x
---------------
Comment: "Variable Costs" is not a standard finance item, especially
when it contains a variable in its expression.
------------------------
Revenue = (price)*(number of items sold) = 8*x
Profit = Revenue - Cost= 8x - 71,174-3816x
=============================
Cheers,
Stan H.
RELATED QUESTIONS
Hi, I need help with this one. It's driving me crazy!
A textbook company uses the... (answered by Earlsdon)
The price P (in dollars) that a radio manufacturer is able to charge for a radio is given (answered by ankor@dixie-net.com)
Hello, I am having a lot of trouble with this problem I really don't understand it.... (answered by richwmiller)
A store selling typewriter ribbons knows that the number of ribbons it can sell each... (answered by stanbon)
I am having trouble with my MAT 117 Appendix C. This is what I have so far. Could someone (answered by solver91311)
P=R-C Profit=Revenue- Cost
Solve for C
Suppose your profit for one day is $1,281 and... (answered by checkley77)
An artisan can produce and sell x hats per month. The total cost C (in dollars) for... (answered by josmiceli)
The cost (C) for a company to produce x widgets is given by C(x) = 5250 + 7.0 x. The... (answered by josgarithmetic)
I am trying to figure out this word problem. any help is greatly appreciated.
The... (answered by stanbon)