Answer:
a. r=25,25, 15
b. Total revenue =225,225, 135
Explanation:
Application: Economics. A vector ~p = 150, 225, 375
represents the price in dollars of certain models of bicycles sold by a bicycle shop at costs given by the vector ~c = 125, 200, 360.
(a) What is the vector ~r representing the revenue made from selling these bikes? (b) Suppose the shop owner offers a store-wide discount of 10% on the price of the bicycles. How much revenue does he make if he sells 10 o
Lets's simplify the values step by step
A vector p = 150, 225, 375 is the price
vector c = 125, 200, 360. represent the cost of the bicycle
therefore
vector r=the revenue from selling the bicycle will be
p-c:
150, 225, 375-(125, 200, 360)
r=(25,25, 15)
b.
if there is a discount of 10% for 10 bicycles, i presume
then the total revenue will be
revenue /one bicycle*10% discount*10 bicycles
to get the
r=(100%(25,25, 15)-10%(25,25, 15))*10
if there is a 10% slash in the price, it means that the item will now be 90% of its price
r=225,225,135
Total revenue =225,225, 135
