SOLUTION: The revenue for selling x units of the product is R=115.95x. The cost of producing x units is C=95x+750. To obtain a profit, the revenue must be greater than the cost. For w

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The revenue for selling x units of the product is R=115.95x. The cost of producing x units is C=95x+750. To obtain a profit, the revenue must be greater than the cost. For w      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 213507This question is from textbook
: The revenue for selling x units of the product is R=115.95x. The cost of producing x units is
C=95x+750.
To obtain a profit, the revenue must be greater than the cost. For what values of x will this product return a profit. This question is from textbook

Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
The revenue for selling x units of the product is R=115.95x.
The cost of producing x units is C=95x+750.
To obtain a profit, the revenue must be greater than the cost.
For what values of x will this product return a profit.
:
R > C
115.95x > 95x + 750
Subtract 95x from both sides
115.95 - 95x > 750
20.95x > 750
divide both sides by 20.95
x > 750%2F20.95
x > 35.8 units
Have to sell at least 36 units to make a profit
;
:
Check in the original equation
115.95(36) > 95(36) + 750
4174.20 > 3420 + 750
4174.20 > 4170; a slight profit of $4.20