Bakers' Club is trying to raise funds by selling premium chocolate chin cookies in a school fair. The variable cost to make each cookie is P15.00 and it is being sold for P25.00 So far the organization has already shelled out P790.00 for the cookie sale a. Find the profit function Pþx} where x represents the number of cookies soldi Hint: Profit - Total Revenue - Total Cost Total Revenue - Price per unit x quantity sold Total Cost - Total variable cost + fixed cost b. If 146 cookies were sold, how much is the total profit? c. How many cookies must be made and sold to break even? Hint: Break even point is the zero of P(x) d. How many cookie should be sold to gain a profit of P250.00?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 158E: The manufacturer of an energy drink spends $1.20 to make each drink and sells them for $2. The...
icon
Related questions
Question

asap

sheet of your paper.
Independent Practice 1
Business As Usual
Bakers' Club is trying to raise funds by selling premium chocolate chip
cookies in a school fair. The variable cost to make each cookie is P15.00 and
it is being sold for P25.00 So far the organization has already shelled out
P790.00 for the cookie sale
a. Find the profit function P(x) where x represents the number of cookies sold
Hint: Profit = Total Revenue - Total Cost
Total Revenue - Price per unit x quantity sold
Total Cost = Total variable cost + fixed cost
b. If 146 cookies were sold, how much is the total profit?
c. How many cookies must be made and sold to break even?
Hint: Break even point is the zero of P(x)
d. How many cookie should be sold to gain a profit of P250.00?
Transcribed Image Text:sheet of your paper. Independent Practice 1 Business As Usual Bakers' Club is trying to raise funds by selling premium chocolate chip cookies in a school fair. The variable cost to make each cookie is P15.00 and it is being sold for P25.00 So far the organization has already shelled out P790.00 for the cookie sale a. Find the profit function P(x) where x represents the number of cookies sold Hint: Profit = Total Revenue - Total Cost Total Revenue - Price per unit x quantity sold Total Cost = Total variable cost + fixed cost b. If 146 cookies were sold, how much is the total profit? c. How many cookies must be made and sold to break even? Hint: Break even point is the zero of P(x) d. How many cookie should be sold to gain a profit of P250.00?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 7 steps

Blurred answer
Knowledge Booster
Basics (types, similarity, etc)
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax