SOLUTION: 1.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 prod
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-> SOLUTION: 1.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 prod
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Question 440307: 1.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 $1,587. What is the revenue for that day? Explain your answer.
