Raggs, Ltd, a clothing fim, determines that in order to sell x suits, the price per suit must be p= 120 - 0.75x. It also determines that the total cost of producing x suits is given by C(x) = 2000+0, 75x?. a) Find the total revenue, R(x). b) Find the total profit, P(x). c) How many suits must the company produce and sell in order to maximize profit? d) What is the maximum profit? e) What price per suit must be charged in order to maximize profit? a) R(x) = b) P(x) =| c) suits d) The maximum profit is $

Raggs, Ltd, a clothing fim, determines that in order to sell x suits, the price per suit must be p= 120 - 0.75x. It also determines that the total cost of producing x suits is given by C(x) = 2000+0, 75x?. a) Find the total revenue, R(x). b) Find the total profit, P(x). c) How many suits must the company produce and sell in order to maximize profit? d) What is the maximum profit? e) What price per suit must be charged in order to maximize profit? a) R(x) = b) P(x) =| c) suits d) The maximum profit is $

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter6: Systems Of Linear Equations And Inequalities

Section6.1: Graphing Systems Of Equations

Problem 59PFA

See similar textbooks

Similar questions

At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at least 4.80 from the sale of each pizza. If the pizza will be sold by the slice and each pizza is cut into 6 pieces, what is the minimum charge per slice?
If you perform your break-even analysis and there is more than one solution, explain how you would determine which x-values are profit and which are not.

Recommended textbooks for you

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill