<u>The </u><u>profit </u><u>made is </u><u>$4,460.</u>
What is a profit in business?
- In its simplest form, it's the amount left after subtracting your total expenses from your total revenue.
- The money remaining, your profits, can either be kept in the business and re-invested to finance future growth, or distributed as a draw or dividends to stakeholders.
The profit model, P(x) = -10x² + 498x - 1,500
Where, x = price per sign sold
If the price per sign sold is $20. Hence, x = $20
The profit made can be calculated thus :
Put x = 20 in the profit function :
P(20) = -10(20)² + 498(20) - 1,500
P(20) = - 10(400) + 9960 - 1500
P(20) = - 4000 + 9960 - 1500
P(20) = $4,460
The profit made is $4,460
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