The local skateboard company reports that when they produce and sell n skateboards in a week, the cost is represented by the modelc=850+76n . The revenue is represented by the model r=150n. If both C and R are in dollars, write an equation for the profit from producing and selling n skateboards. (Profit = revenue – cost). Enter your equation in the form: P=an+b. Do not leave spaces between characters.
p = r - c
p = 150 n - 850 - 76 n
p=74n-850
p=74n-850
P=29n-850
P=29n-850
P=29n-850
To find the equation for the profit, we need to subtract the cost (C) from the revenue (R).
Given:
Cost (C) = 850 + 76n
Revenue (R) = 150n
We can substitute the values of C and R into the equation for profit (P) = Revenue - Cost:
P = R - C
P = (150n) - (850 + 76n)
Simplifying the equation, we:
P = 150n - 850 - 76n
Combining like terms:
P = 74n - 850
So, the equation for the profit from producing and selling n skateboards is:
P = 74n - 850