document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1197603>Question 1197603</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Problem Statement<BR>\n" );
document.write( "In 2010 a local construction company built a total of 52 homes for a total cost of $4.3 million. By the end of <BR>\n" );
document.write( "2010 they sold all 52 homes for a revenue of $8 million thus making a profit of $3.7 million. Since the company <BR>\n" );
document.write( "made a profit of $3.7 million, their net profit margin was <BR>\n" );
document.write( "Profit<BR>\n" );
document.write( "Revenue<BR>\n" );
document.write( "=<BR>\n" );
document.write( "3.7<BR>\n" );
document.write( "8<BR>\n" );
document.write( "= 46.25%<BR>\n" );
document.write( "which indicates they made $0.4625 for each dollar profit.<BR>\n" );
document.write( "Since 2010 the cost of building materials and labor has steadily increased at a rate of $0.31 million per year. The <BR>\n" );
document.write( "selling price of housing has also increased but at a slower rate of $0.08 million per year.<BR>\n" );
document.write( "Assume the cost of building homes and the revenue generated by selling the homes can be modeled by the <BR>\n" );
document.write( "following linear equations.<BR>\n" );
document.write( "Cost in year 𝑥 : 𝐶(𝑥) = 0.31𝑥 + 4.3 millions of dollars<BR>\n" );
document.write( "Revenue in year 𝑥 : 𝑅(𝑥) = 0.08𝑥 + 8 millions of dollars<BR>\n" );
document.write( "Note the variable x represents the number of years since 2010.<BR>\n" );
document.write( "Questions<BR>\n" );
document.write( "1. Calculate the company’s net profit margin for 2015. Round all calculations to two decimal places.<BR>\n" );
document.write( "a. Determine the value of x for 2015. <BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #831065 by </B><A HREF=/tutors/aboutme.mpl?userid=Solver92311><B>Solver92311(821)</B></A><img src=\"/images/stars/stars-11.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Solver92311><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Solver92311><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=831065\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> <font face=\"Times New Roman\" size=\"+2\">\r<BR>\n" );
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document.write( "Note: One question per post.\r<BR>\n" );
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document.write( "1.a. Since 2010 would be year 0, 2015 would be year 5.  <IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large x\ =\ 5\">\r<BR>\n" );
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document.write( "																<BR>\n" );
document.write( "John<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\LARGE e^{i\pi}\ +\ 1\ =\ 0\"><BR>\n" );
document.write( "My calculator said it, I believe it, that settles it<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/display-illustration.mpl?tutor=Solver92311&illustration_name=darwinfish.jpg\">\r<BR>\n" );
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document.write( "From <https://www.algebra.com/cgi-bin/upload-illustration.mpl> <BR>\n" );
document.write( "I > Ø<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=\"/cgi-bin/rendertex.cgi?\Large \ \\r\"> </SPAN>\n" );
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