Question

You wanted to join a booth fair, and you are aiming to get a profit that is twice as

Answer 1

You wanted to join a booth fair, and you are aiming to get a profit that is twice as  your capital. Using the given information, your sample plan may be as follows:

Product                   Organic skincare products for women

Description             An organic skincare cream and soap that brightens

                                 and moisturizes your skin.

Goal                          To provide anti-aging skin for women and

                                  maintaining  their skin body.

Capital                      15000

Fixed Cost                  7000

Variable Cost             8000

Profit function            300(a) = 450a - 150a

To prove that the profit function will yield twice the capital.

This profit function: 300(y) = 450y - 150y will help achieve twice profit as your capital.

Profit function = revenue function r(y) - cost function c(y)

300(y) = 450y - 150y

where;

• y = no of units produced and sold.
• p = profit sold per unit

Cost function C(y) = fixed cost + (variable cost) × (amount of unit sold)

Assumption:

Cost function C(y) = 7000 + (80 × 100)

Cost function C(y) = 7000 + 8000

Cost function C(y) = 15000

Revenue function R(y) = price per revenue sold × no of sold units

R(y) = 450 × 100

R(y) = 45000

∴

Profit function = 45000 - 15000

Profit function = 30000

Therefore, can conclude that the profit function is revenue function r(y) - cost function c(y).

Hence the formula:

Profit function = revenue function r(y) - cost function c(y)   (Proved)

Learn more about Profit function here:

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