document.write( "Question 1011857: Use the following information to determine the equation for profit from selling 𝑥 items.
\n" ); document.write( "Price = $9.00 per unit; Fixed cost = $24,000; Variable cost = $5.92 per unit
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Algebra.Com's Answer #627665 by jim_thompson5910(35256)\"\" \"About 
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x = number of items made and sold
\n" ); document.write( "R = revenue
\n" ); document.write( "C = cost
\n" ); document.write( "P = profit (equal to R - C)\r
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\n" ); document.write( "\n" ); document.write( "Cost:\r
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\n" ); document.write( "\n" ); document.write( "Total cost = (variable cost)*(number of units) + (fixed cost)
\n" ); document.write( "C = 5.92x + 24000\r
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\n" ); document.write( "\n" ); document.write( "Revenue:\r
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\n" ); document.write( "\n" ); document.write( "Total Revenue = (Price per unit)*(number of units sold)
\n" ); document.write( "R = 9x\r
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\n" ); document.write( "\n" ); document.write( "Profit\r
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\n" ); document.write( "\n" ); document.write( "Profit = Revenue - Cost
\n" ); document.write( "P = R - C
\n" ); document.write( "P = 9x - (5.92x + 24000)
\n" ); document.write( "P = 9x - 5.92x - 24000
\n" ); document.write( "P = 3.08x - 24000\r
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\n" ); document.write( "\n" ); document.write( "So the profit equation is \"P+=+3.08x+-+24000\" where x is the number of items made and sold, P is the profit in dollars.
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