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Makovka662 [10]
3 years ago
9

The profit ,P dollars, earned by students at a high school selling boxes of chocolates is approximated to be P= -60x^2+600x , wh

ere x dollars is the selling price of one box of chocolates. What selling price gives the maximum profit?
Mathematics
1 answer:
Zarrin [17]3 years ago
3 0

Answer:

Selling price of 5 gives the maximum profit

Step-by-step explanation:

What we do here is to find the first derivative, since at maximum points, the profit will be set to zero.

Mathematically, we have;

dp/dx = -120x + 600

We now equate this to zero

0 = -120x + 600

120x = 600

x = 600/120

x = 5

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Function for given situation is : V(t)=3000(0.70)^t

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Step-by-step explanation:

Given that the value of a $3000 computer decreases about 30% each year. Now we need to write a function for the computers value V(t). then we need to find about how much will the computer be worth in 4 years.

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For decay we use formula:

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