The Abc company sells bottles of shampoo for $9 each. It costs the company $3 to make each bottle and they have fixed costs of $4700 each month. If x represents the number of bottles the company makes and sells each month, write he company's profit function
p(x) = 9x - (3x+4700)
To write the company's profit function, we need to consider the revenue and the costs.
The revenue earned from selling x bottles can be calculated by multiplying the selling price per bottle by the number of bottles sold: Revenue = x * $9
The cost incurred to make x bottles can be calculated by multiplying the cost per bottle by the number of bottles made: Cost = x * $3
The fixed costs of $4700 remain constant each month.
The profit is calculated by subtracting the total cost (variable cost + fixed cost) from the total revenue: Profit = Revenue - Cost - Fixed Cost
Now, let's put it all together:
Profit = (x * $9) - (x * $3) - $4700
Simplifying the equation, we get the company's profit function:
Profit = 6x - 3x - $4700
Therefore, the company's profit function is given by P(x) = 3x - $4700.