Question

A tricycle company's cost, in thousands of dollars, is represented by the function C(x)=45x+8700 and its revenue, in thousands of dollars, is represented by the function R(x)=75x. Each tricycle is represented by x. How much will the company profit if they sell 2000 tricycles?

Answer 1

Answer:

  Profit = 51300 thousand dollars

Explanation:

 Cost function in thousands of dollars is given by C(x) = 45 x + 8700, where x represent number of tricycles sold.

 Revenue of function R(x) = 75 x

 We have the expression for profit = Revenue - Cost

  Number of tricycles sold = 2000

  Revenue = 75 * 2000 = 150000 thousand dollars

  Cost = 45 * 2000 + 8700 = 98700 thousand dollars

  Profit = 150000 - 98700 = 51300 thousand dollars