Question 151982: 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 elisabethtyler(2)   (Show Source):
You can put this solution on YOUR website! a)C=R-P
b)1,281=R- 1463
+1463
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$2,744=R
Revenue equals $2744 because the equation tells you to input your cost, and your profit. Solve for R.
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