Given Cost and Price (demand) functions C(q) = 110q+45000 and p(q) = -2.7q+800, what profit can be earned if the price is set to be $550 per item? The profit is $. (Round to the nearest cent.)

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
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Given Cost and Price (demand) functions C(q) = 110q+45000 and p(q) = -2.7q+800, what profit can be earned if the price is set to be
$550 per item?
The profit is $.
(Round to the nearest cent.)
Transcribed Image Text:Given Cost and Price (demand) functions C(q) = 110q+45000 and p(q) = -2.7q+800, what profit can be earned if the price is set to be $550 per item? The profit is $. (Round to the nearest cent.)
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