Posted by **Dan** on Sunday, October 14, 2007 at 8:13pm.

So there is no way profit = price x quantity demanded because I have q=-60p+950 and Revenue or profit=-60p^2+950p. I then have to find out the profit made by selling things at 5.50, 10 , and 15 dollars. I was told to plug these numbers into -60p^2+950p to get the profit and determine which one gives you the most profit.

I plugged in the revenue I got from the p^2 function and subtracted a cost function I had but if I just do regular profit=revenue-cost I get two different numbers?

HELP

- Calculus -
**bobpursley**, Sunday, October 14, 2007 at 8:45pm
I am not certain what you are doing. There is a silly term called gross profit, not including costs, but that is never money in the pocket...costs always have to be subtracted. Revenue is not profit. Revenue is money taken in.

## Answer This Question

## Related Questions

- Calculus - I have a project and part of it has to do with revenue, demand and ...
- ALGEBRA - The profit made from the sale of tiles is found by subtracting the ...
- Algebra - The profit made from the sale of tiles is found by subtracting the ...
- maths - Given the demand function:p(x)=-0.5x+500 where p is price in RM per unit...
- Business Calculus/AntiDerivatives - Suppose the marginal profit from the sale of...
- Algebra - I was wondering if I had number 2 correct; the only way to know the ...
- ECONOMICS - Q = 39,000 – 500P AVC = 30 + 0.005Q Q is quantity demanded and ...
- Economics - Q = 39,000 – 500P AVC = 30 + 0.005Q Q is quantity demanded and ...
- Pre-Calculus - Cost,Revenue,and Profit: Estimate the number of scanners that ...
- Marketing - Which of the following statements describes how price relates to ...

More Related Questions