document.write( "Question 1011857: Use the following information to determine the equation for profit from selling 𝑥 items.
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document.write( "Price = $9.00 per unit; Fixed cost = $24,000; Variable cost = $5.92 per unit \n" );
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Algebra.Com's Answer #627665 by jim_thompson5910(35256)![]() ![]() ![]() You can put this solution on YOUR website! 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 \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "----------------------------------------------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Cost:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Total cost = (variable cost)*(number of units) + (fixed cost) \n" ); document.write( "C = 5.92x + 24000\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "----------------------------------------------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Revenue:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Total Revenue = (Price per unit)*(number of units sold) \n" ); document.write( "R = 9x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "----------------------------------------------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Profit\r \n" ); document.write( " \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 \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So the profit equation is |