SOLUTION: How do I even apprehend this? Can you explain each step for me please. Thanks. If the inventor charges $4 per unit, then her profit for producing and selling x units is given b

Algebra ->  Functions -> SOLUTION: How do I even apprehend this? Can you explain each step for me please. Thanks. If the inventor charges $4 per unit, then her profit for producing and selling x units is given b      Log On


   



Question 45881: How do I even apprehend this? Can you explain each step for me please.
Thanks.
If the inventor charges $4 per unit, then her profit for producing and selling x units is given by the function P(x)=2.25x-7000
(a) What is her profit if she sells 2000 units?
(b) What is her profit if she sells 5000 units?
(c) What is the break-even point for sales?

Answer by Earlsdon(6294) About Me  (Show Source):
You can put this solution on YOUR website!
The profit function for x units is:
p%28x%29+=+2.25x-7000
To find the profit on 2000 units, just let x = 2000 and substitute into the profit function.
p%282000%29+=+2.25%282000%29-7000 = -2500 This is a loss.
p%285000%29+=+2.25%285000%29-7000 = 4250 This is a profit.
The break-even point is when your sales just cover the cost of production, or in other words, your profit is zero but you don't have a loss.
Set the profit function equal to zero and solve for x.
2.25x-7000+=+0 Solve for x. Add 7000 to both sides of the equation.
2.25x+=+7000 Now divide both sides by 2.25
x+=+3111.111
But since you would not make a fraction of a unit, the answer would be rounded to the nearest whole unit, or 3111 units.
The break-even point for sales is 3111 units.