Question

The cost of producing magnets with the company logo printed on them consists of aonetime setup fee of $180,00 plus $0.60 for each magnet produced. This cost can becalculated using the formula C= 180.00 +0.60p, where p represents the number ofmagnets produced and C is the cost. Use the formula to calculate the cost of producing1700 magnets. (Do not inlcude a comma in your answer)

Answer 1

We have the following:

The formula to calculate the cost is as follows:

$C=180+0.6\cdot p$

In this case, p is equal a 1700, replacing:

$\begin{gathered} C=180+0.6\cdot1700 \\ C=180+1020 \\ C=1200 \end{gathered}$

Therefore, the cost of 1700 magnets is $1200