SOLUTION: Determine the profit function P(x), if the revenue function and cost functions are R(x)=211x and C(x)=94x + 17,199 respectively. Also find the break-even point.

Algebra ->  Finance -> SOLUTION: Determine the profit function P(x), if the revenue function and cost functions are R(x)=211x and C(x)=94x + 17,199 respectively. Also find the break-even point.      Log On


   

Question 320046: Determine the profit function
P(x), if the revenue function and cost functions are R(x)=211x and C(x)=94x + 17,199 respectively. Also find the break-even point.
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Profit=Revenue - Cost
P%28x%29=R%28x%29-C%28x%29
P%28x%29=117x-17199
.
.
.
At break even, P%28x%29=0,R%28x%29=C%28x%29
211x=94x%2B17199
117x=17199
highlight%28x=147%29