Total revenue is the total amount of money taken in by a business. An appliance firm determines that when it sells X washing machines, the total revenue, R, in dollars, is given by the polynomial R=232.94x-0.1x^2. What is the total revenue from the sale of 238 washing machines.
The total revenue is $___?
(Simplify. Type an integer or decimal.)
To find the total revenue from the sale of 238 washing machines, we can plug in the value of X (238) into the given polynomial equation for R.
R = 232.94x - 0.1x^2
Replacing x with 238:
R = 232.94 * 238 - 0.1 * 238^2
Now, let's calculate:
R = 55,490.92 - 0.1 * 56,644
R = 55,490.92 - 5,664.4
R ≈ 49,826.52
Therefore, the total revenue from the sale of 238 washing machines is approximately $49,826.52.