Question: Cost, Revenue & Profit For these problems, a will represent the number of items and y will represent the money. The fixed costs for a

 Cost, Revenue & Profit For these problems, a will represent the

Cost, Revenue & Profit For these problems, a will represent the number of items and y will represent the money. The fixed costs for a certain item are $185 per week. The cost to produce each item is $7 per item. Using this information, what is the cost equation? Give your answer in slope-intercept form: y = 7x +5200 The retailer intends to sell each item for $11/item. Using this information, what is the revenue equation? Give your answer in slope-intercept form: y = 174x + 5200 - If in this week 52 items are made, and all items are sold in the week, what are the total costs to the retailer? Cost = $ What is the revenue from selling 52 items? Revenue = $ Finally, what is the profit for this retailer? Profit = $ Box 1 & 2: Enter your answer as an expression. Example: 3x 2+1, x/5, (a+b)/c Be sure your variables match those in the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!