Cost, Revenue & ProfitFor these problems, x will represent the number of items and y will represent the money.The fixed costs for a certain item are $115 per week. The cost to produce each item is $10 per item.Using this information, what is the cost equation? Give your answer in slope-intercept form:%3DThe retailer intends to sell each item for $13/item.Using this information, what is the revenue equation? Give your answer in slope-intercept form:Y =If in this week 34 items are made, and all items are sold in the week, what are the total costs to theretailer?Cost = $%3DWhat is the revenue from selling 34 items?Revenue = $Finally, what is the profit for this retailer?Profit = $%3D

Answered: For these problems, x will represent…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter8: Linear Functions

Section8.5: Slope-intercept Form

Problem 9E

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Cost, Revenue & Profit
For these problems, x will represent the number of items and y will represent the money.
The fixed costs for a certain item are $115 per week. The cost to produce each item is $10 per item.
Using this information, what is the cost equation? Give your answer in slope-intercept form:
%3D
The retailer intends to sell each item for $13/item.
Using this information, what is the revenue equation? Give your answer in slope-intercept form:
Y =
If in this week 34 items are made, and all items are sold in the week, what are the total costs to the
retailer?
Cost = $
%3D
What is the revenue from selling 34 items?
Revenue = $
Finally, what is the profit for this retailer?
Profit = $
%3D

Expert Solution

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$Ques : - For these problems, x will represent number of items and y will represent the money . The fixed costs for a certain item are $ 115 per week . The cost to produce each item is $ 10 per item . Using this information what is the cost equation ? Hin t : - For their type of problems, x will represent the number of items and y will represent the money . So, By using slope - intercept form we can say eqn . is of form y = mx + c$

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