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
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Comment: "Variable Costs" is not a standard finance item, especially
when it contains a variable in its expression.
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Revenue = (price)*(number of items sold) = 8*x
Profit = Revenue - Cost= 8x - 71,174-3816x
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Cheers,
Stan H.
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