MHB What is the average profit on producing and selling 40 items per day

  • Thread starter Thread starter fxacx
  • Start date Start date
  • Tags Tags
    Average Per
AI Thread Summary
The discussion focuses on calculating the average profit from producing and selling 40 items per day, using the average cost function AC(x) = (100x + 2)/x and average revenue function AR(x) = (100x + 3)/x. Participants clarify the correct formulation of these functions, emphasizing that profit is derived from the difference between revenue and cost. The question also addresses how many items need to be sold to achieve an average daily profit of $80. Understanding the definitions of revenue and cost is crucial for accurate profit calculation. The conversation highlights the importance of correctly interpreting mathematical functions in business contexts.
fxacx
Messages
4
Reaction score
0
business has an average cost of AC(x)= 100x+2x/x and its average revene per day is AR(x)= 100x+3/x

what is the average profit on producing and selling 40 items per day

how many must we sell to get an average daily of $80?
 
Mathematics news on Phys.org
fxacx said:
business has an average cost of AC(x)= 100x+2x/x and its average revene per day is AR(x)= 100x+3/x

what is the average profit on producing and selling 40 items per day

how many must we sell to get an average daily of $80?
Please go back, reread the problem, and copy it correctly! I feel sure the average cost is NOT "
100x+2x/x= 100x+ 2". I might guess (100x+ 2x)/x but that is just 102. My best guess is that you meant "AC(x)= (100x+ 2)/x and that AR(x)=(100x+ 3)/x, NOT "100x+ 3/x".

Now, do you know what "revenue" and "cost" mean and how to find profit from them?​
 
Last edited by a moderator:
Thread 'Video on imaginary numbers and some queries'

Thread 'Video on imaginary numbers and some queries'

Hi, I was watching the following video. I found some points confusing. Could you please help me to understand the gaps? Thanks, in advance! Question 1: Around 4:22, the video says the following. So for those mathematicians, negative numbers didn't exist. You could subtract, that is find the difference between two positive quantities, but you couldn't have a negative answer or negative coefficients. Mathematicians were so averse to negative numbers that there was no single quadratic...
View full post »
Thread 'Unit Circle Double Angle Derivations'

Thread 'Unit Circle Double Angle Derivations'

Here I made a terrible mistake of assuming this to be an equilateral triangle and set 2sinx=1 => x=pi/6. Although this did derive the double angle formulas it also led into a terrible mess trying to find all the combinations of sides. I must have been tired and just assumed 6x=180 and 2sinx=1. By that time, I was so mindset that I nearly scolded a person for even saying 90-x. I wonder if this is a case of biased observation that seeks to dis credit me like Jesus of Nazareth since in reality...
View full post »

Thread 'Fermat's Last Theorem'

Fermat's Last Theorem has long been one of the most famous mathematical problems, and is now one of the most famous theorems. It simply states that the equation $$ a^n+b^n=c^n $$ has no solutions with positive integers if ##n>2.## It was named after Pierre de Fermat (1607-1665). The problem itself stems from the book Arithmetica by Diophantus of Alexandria. It gained popularity because Fermat noted in his copy "Cubum autem in duos cubos, aut quadratoquadratum in duos quadratoquadratos, et...
View full post »

Similar threads

MHB Rational function equation problem solving
Replies
2
Views
3K
MHB Linear profit, graphs and equations.
Replies
1
Views
2K
MHB How Do You Calculate Average Revenue Per Group?
Replies
1
Views
1K
MHB Help with Profit/Loss: Find Optimal Number of Items to Buy
Replies
1
Views
2K
MHB Which Catering Service Maximizes Charity Profit for a Business Banquet?
Replies
2
Views
6K
MHB What will the profit be if 1500 units are sold next year?
Replies
3
Views
2K
How many items does Amazon need to sell per day to justify market cap?
Replies
6
Views
1K
B Calculate Gross Profit Margin Easily & Quickly
Replies
16
Views
3K
MHB Solve Logarithms Problems: Find Profit & Interest Rate
Replies
3
Views
2K
MHB Maximizing Profit: Solving the Transportation Problem for BFE Company
Replies
10
Views
5K

Hot Threads

Recent Insights

Back
Top