A company manufactures and sells novelty Mugs. the manufacturing cost consist of a fixed cost of R8000 and a variable cost of R15 rand per mug. the mugs are sold at R35 each. assume a linear profit function. determine the profit function

Question

Mathematics

Aliana Blanchard

23 November, 01:18

A company manufactures and sells novelty Mugs. the manufacturing cost consist of a fixed cost of R8000 and a variable cost of R15 rand per mug. the mugs are sold at R35 each. assume a linear profit function. determine the profit function

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Answers (1)

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Tank · Answer 1

Ok so

8000=cost

profit-8000

then

another cost is 15rand per mug

but profit of 35 rand

35-15=20

profit of 20rand per mug

profit=R20m-8000

where m=number of mugs sold

(R20 means 20 rand)

f (m) = R20m-8000