SOLUTION: Find the expression for the profit in making and selling x items of a product if costs are given by the
expression 33,000 + 5.75x and revenues are given by the expression 14.99x.
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-> SOLUTION: Find the expression for the profit in making and selling x items of a product if costs are given by the
expression 33,000 + 5.75x and revenues are given by the expression 14.99x.
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Question 1172118: Find the expression for the profit in making and selling x items of a product if costs are given by the
expression 33,000 + 5.75x and revenues are given by the expression 14.99x. Answer by ikleyn(52864) (Show Source):
By the definition, the profit is the revenue MINUS the cost.
So, according to this definition,
R(x) = 14.99x - (33000+5.75x) = 9.24x - 33000 monetary units. ANSWER
Solved and explained.
It is very elementary problem/question to check if the reader does know/(does understand)
the basic conceptions in finance/money.
