A home-based sign company uses this function to model its monthly profit, where x is the price of each sign it sells. what is th

Question

2 years ago

11

e companyâ€™s profit if it sells each sign for $20?

1 answer:

SpyIntel [72] · Answer 1 · 2023-07-09T09:49:07+03:00

The profit made is $4,460.

What is a profit in business?

In its simplest form, it's the amount left after subtracting your total expenses from your total revenue.
The money remaining, your profits, can either be kept in the business and re-invested to finance future growth, or distributed as a draw or dividends to stakeholders.

The profit model, P(x) = -10x² + 498x - 1,500

Where, x = price per sign sold

If the price per sign sold is $20. Hence, x = $20

The profit made can be calculated thus :

Put x = 20 in the profit function :

P(20) = -10(20)² + 498(20) - 1,500

P(20) = - 10(400) + 9960 - 1500

P(20) = - 4000 + 9960 - 1500

P(20) = $4,460

The profit made is $4,460

Learn more about profit