Question 137336: 4.Your profit P is determined by subtracting the cost C (the amount of money it costs to operate a business) from the revenue R (the amount of money you earn from selling your product). Profit can be represented algebraically by the equations:
Profit=Revenue-Cost
OR
P = R - C
a) Rewrite the formula to solve for C.
b) Suppose your profit for one day is $1,281, and the cost of running the business for the day is $1,463. What is the revenue for that day? Explain your answer.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Profit=Revenue-Cost
OR
P = R - C
a) Rewrite the formula to solve for C.
C = R-P
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b) Suppose your profit for one day is $1,281, and the cost of running the business for the day is $1,463. What is the revenue for that day? Explain your answer.
R = C+P
R = 1463 + 1281
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R = 2744
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Cheers,
Stan H.
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