A company sells widgets. The amount of profit, y, made by the company, is related to the selling price of each widget, x, by the given equation. Using this equation, find out what price the widgets should be sold for, to the nearest cent, for the company to make the maximum profit.
y=-10x^2+600x-3588
y=−10x
2
+600x−3588

Answers

Answer 1

Answer:

Step-by-step explanation:

The maximum profit will be found in the vertex of the parabola, which is what your equation is. You could do this by completing the square, but it is way easier to just solve for h and k using the following formulas:

[tex]h=\frac{-b}{2a}[/tex] for the x coordinate of the vertex, and

[tex]k=c-\frac{b^2}{4a}[/tex] for the y coordinate of the vertex.

x will be the selling price of each widget and y will be the profit. Usually, x is the number of the items sold, but I'm going off your info here for what the vertex means in the context of this problem.

Our variables for the quadratic are as follows:

a = -10

b = 600

c = -3588. Therefore,

[tex]h=\frac{-600}{2(-10)}=30[/tex] so the cost of each widget is $30. Now for the profit:

[tex]k=-3588-(\frac{(600)^2}{4(-10)})[/tex] This one is worth the simplification step by step:

[tex]k=-3588-(\frac{360000}{-40})[/tex] and

k = -3588 - (-9000) and

k = -3588 + 9000 so

k = 5412

That means that the profit made by selling the widgets at $30 apiece is $5412.

Answer 2

Hence,the profit made by selling the widgets at $[tex]30[/tex] apiece is $[tex]5412[/tex].

What is the maximum profit?

Maximum profit, or profit maximisation, is the process of finding the right price for your products or services to produce the best profit.

Here given that,

A company sells widgets. The amount of profit, [tex]y[/tex], made by the company, is related to the selling price of each widget, [tex]x[/tex], by the given equation.

As the maximum profit found in the vertex of the parabola,

Here, [tex]x[/tex] will be the selling price of each widget and [tex]y[/tex] will be the profit.

The number of items sold is [tex]x[/tex].

So, the quadratic equation is:-

[tex]a = -10b = 600c = -3588.[/tex]

Therefore, so the cost of each widget is $[tex]30[/tex].

For the profit:-

[tex]k = -3588 - (-9000) andk = -3588 + 9000 sok = 5412[/tex]

Hence,the profit made by selling the widgets at $[tex]30[/tex] apiece is $[tex]5412[/tex].

To know more about the maximum profit

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Related Questions

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

Solve for"c" in the following equation:

- 8 c + 7 = - 25

Subtract 7 from both sides:

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combine like terms

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Answers

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1

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Step 2: Solve

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Answers

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Answers

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Answers

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Answers

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Answers

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[tex]\mathfrak{\huge{\pink{\underline{\underline{AnSwEr:-}}}}}[/tex]

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Answers

                                                  [tex]\huge\boxed{125.}[/tex]

[tex]\boxed{-------------------------------------}[/tex]

Explanation...

So, 25 legislators represents 500,000 people.

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[tex]\boxed{-------------------------------------}[/tex]

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[tex]\huge\boxed{Thanks,Plip.}[/tex]

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Answers

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Answers

Answer:

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Step-by-step explanation:

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Answers

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---------------------------------------------------------

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