(c) Profit equals revenue minus cost. Write a formula that calculates the profit P from selling x compact discs.
P
enter your response here (Simplify your answer.)
P = x(revenue per disc) - x(cost per disc)
The formula that calculates the profit P from selling x compact discs is:
P = revenue - cost.
The formula to calculate the profit P from selling x compact discs can be written as:
P = (revenue from selling x compact discs) - (cost of producing x compact discs)
To simplify the answer, we need specific values for the revenue and cost. If we have the values for the selling price per compact disc (SP), the total number of compact discs sold (x), the production cost per compact disc (CP), and the fixed cost (FC) (if any), we can write the formula as:
P = (SP * x) - (CP * x) - FC
Alternatively, if we have the total revenue (R) and the total cost (C), the formula can be simply written as:
P = R - C