The profit funtion for Wannamaker Trophies is P(x)=-0.32 +fx-m Whre f represents

Question

The profit funtion for Wannamaker Trophies is P(x)=-0.32 +fx-m Whre f represents the esign fee for a customer's awards and m represents the monthly ofice rent. Also, P represets the mothly profit in dollsrs of the small business where x is the number of awards designed in tht month. a) If $60 is harged fo design fee, and the monthly studio rent is $1500; write an equation fr the profit, P, in terms of x. b) How much is the profit when 50 award designs are sold in a month? C) How many award designs must be sold inorder t mximize the profit? Show your wor algebraically. What is the maximum profit?

Explanation / Answer

a) P(x) = -0.32+60x-1500 = 60x-1500.32 b) P(50) = 60(50)-1500.32 = 1499.68 c) The function is linear... there is no maximum.

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