represent the revenue and cost, respectively, from the sale of x futons.
R(x) = 280x – 0.7x2 and C(x) = 8000 + 0.5x2
Find the profit from the sale of 70 futons.
Total profit is defined as total revenue minus total cost. Below R(x) and C(x)?
%26gt;"Total profit is defined as total revenue minus total cost."
P(x) = R(x) - C(x)
R(x) = 280x – 0.7x² and C(x) = 8000 + 0.5x²
=%26gt; P(x) = R(x) - C(x)
= 280x -0.7x² - [8000 + 0.5x²]
= -1.2x² + 280x -8000
%26gt;Find the profit from the sale of 70 futons.
R(x) = -1.2(70)² + 280(70) -8000
= 5720
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