The owner of the “CD Universe” website just bought 1000 CDs by the same musical artist. Each CD cost $6.45. CD Universe decides to sell them to its customers for $12.95 each. What formula could be used to calculate the profit/loss, p, for selling n CDs?
2 answers:
The total cost of 1000 CDs is: 6.45*1000=6450. The revenue is the product of the number of CDs sold, n, and the selling price of each is 12.95. P=12.95n-6450
Answer:
The formula used to calculate profit 'p' will be :
Step-by-step explanation:
Cost of 1 CD = $6.45
So, cost of 1000 CD's =
The selling price of 1 CD = $12.95
Let the profit be represented by 'p'
Selling price of 1 CD = $12.95
So, selling price of 'n' CD's = $12.95n
So, the formula used to calculate profit 'p' will be :
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