The Rockastic Sports Bar has just opened in the newly rebuilt Wingbolt Casino & Resort. As part of a promotional sale, the company has decided to sell Wingbolt jackets for patrons. It costs $20 to manufacture each jacket. In the first days of selling the jackets, the manager has noticed that when she charges $60 a jacket, 70 patrons will buy the jacket. When she charges $100 for a jacket only 30 patrons bought jackets. Assume the number of patrons who buy jackets is a linear function of price. What should she charge to ensure a maximum profit?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
The Rockastic Sports Bar has just opened in the newly rebuilt Wingbolt Casino & Resort. As part of a promotional sale, the company has decided to sell Wingbolt jackets for patrons. It costs $20 to manufacture each jacket.
In the first days of selling the jackets, the manager has noticed that when she charges $60 a jacket, 70 patrons will buy the jacket. When she charges $100 for a jacket only 30 patrons bought jackets. Assume the number of patrons who buy jackets is a linear function of price. What should she charge to ensure a maximum profit?
When she charges $60 a jacket, 70 patrons will buy the jacket. When she charges $100 for a jacket only 30 patrons bought jackets
Two coordinates are (60,70) and (100,30)
Let x=price , y= number of patrons
Using the two coordinates we find the equation of the line.
Use the two point formula to find the equation of the line joining (60,70) and (100,30).
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