Question

The profit from the production and sale of specialty golf hats is given by the function P(x)=20x-1000 where x is the number of hats produced and sold.
(A) producing and selling how many hats will a give a profit of $7000?

(B) how many hats must be produced and sold to avoid a loss?


(A) producing and selling [ ] hats will give a profit of $7000

Answer 1

Answer:

a. Hats Sold = 400

b. Hats Sold = 50

Step-by-step explanation:

Given

$P(x)=20x-1000$

Solving (a): Hats to give a profit of $7000

In this case;

$P(x) = 7000$

So, we have:

$7000 = 20x- 1000$

Add 1000 to both sides

$7000 + 1000 = 20x - 1000 + 1000$

$8000 = 20x$

Divide both sides by 20

$x = \frac{8000}{20}$

$x = 400$

Solving (b): Avoid Loss

To avoid loss, P(x) must not be negative

i.e. P(x) = 0

So: we have

$0 = 20x - 1000$

Add 1000 to both sides

$1000 = 20x - 1000 + 1000$

$1000 = 20x$

Divide through by 20

$x = 50$