Friday

August 1, 2014

August 1, 2014

Posted by **Kris** on Monday, August 4, 2008 at 8:54am.

c. If b represents a fixed cost, what value would represent b?

b=$300

d. Find the cost equation for the tile. Write your answer in the form C = mx + b.

C=6x+300

The profit made from the sale of tiles is found by subtracting the costs from the revenue.

e. Find the Profit Equation by substituting your equations for R and C in the equation . Simplify the equation.

P=(-x +62x)-(6x+300)

f. What is the profit made from selling 20 tile sets per month?

g. What is the profit made from selling 25 tile sets each month?

h. What is the profit made from selling no tile sets each month? Interpret your answer.

i. Use trial and error to find the quantity of tile sets per month that yields the highest profit.

j. How much profit would you earn from the number you found in part i?

k. What price would you sell the tile sets at to realize this profit (hint, use the demand equation from part a)?

2. The break even values for a profit model are the values for which you earn $0 in profit. Use the equation you created in question one to solve P = 0, and find your break even values.

3. In 2002, Home Depot’s sales amounted to $58,200,000,000. In 2006, its sales were $90,800,000,000.

a. Write Home Depot’s 2002 sales and 2006 sales in scientific notation.

You can find the percent of growth in Home Depot’s sales from 2002 to 2006, follow these steps:

• Find the increase in sales from 2002 to 2006.

• Find what percent that increase is of the 2002 sales.

b. What was the percent growth in Home Depot’s sales from 2002 to 2006? Do all your work by using scientific notation.

- Algebra -
**drwls**, Monday, August 4, 2008 at 9:19amI don't know what your question is, or what "c" is, but the total cost of producing x tile sets will be

C = 300 + 6x

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