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Posted by on Saturday, February 11, 2012 at 10:12am.

Our hardware store buys tools for $15 each, marks them up and sells them for $30. Their monthly expenses (fixed costs) are $10,000.

a. What is the cost function?

b. What is the revenue?
c. How many units must be sold for the company to get a profit?

  • algebra - , Saturday, February 11, 2012 at 4:18pm

    C(x) = 10000 + 15x
    R(x) = 30x

    set R >= C and solve for x

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