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11 March, 17:54

A company charting its profits notices that the relationship between the number of units sold, x, and the profit, P, is linear. If 200 units sold results in $3100 profit and 250 units sold results in $6000 profit, write the profit function for this company

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  1. 11 March, 21:02
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    P = 58x - 8500

    Step-by-step explanation:

    Given;

    If 200 units sold results in $3100 profit and 250 units sold results in $6000 profit

    The linear form of the profit function can be written as;

    P = mx + c ... a

    Where;

    P = profit

    x = number of units sold

    m = slope

    c = intercept

    Substituting the given values, we can derive two equations;

    3100 = 200m + c ... 1

    6000 = 250m + c ... 2

    Subtracting equation 1 from 2

    2900 = 50m

    m = 2900/50

    m = 58

    Substituting m = 58 into equation 1;

    3100 = 200 (58) + c

    c = 3100 - 200 (58)

    c = - 8500

    Substituting m and c into the equation a.

    Therefore, the profit function of the company is;

    P = 58x - 8500
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