Julio has started his very own floral business. He sells centerpieces for $19.50 each. His fixed costs are $500 per month, and e
ach centerpiece cost $8 to produce. Let n represent the number of centerpieces you sell. Write an equation to determine the cost, C. Write another equation to determine the revenue, R.
The total cost, C, is the sum of the cost to produce the centerpieces and the fixed cost. The equation for C is C = 8n + 500.
The total revenue, R, of Julio's floral business is the product of the cost per centerpiece and the number of centerpieces sold. The equation for R is R = 19.50n.
