SOLUTION: 4. 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 pro

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: 4. 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 pro      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 363577: 4. 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. Imagine your profit for 1 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 checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
P = R - C
C=R-P ANS. FOR C.
-----------------------
1,463=R-1,281
R=1,463+1,281
R=$2,744 IS THE TOTAL REVENUE FOR THE DAY.
BECAUSE [R=C+P]