You decide to begin selling bottles of water at the local swapmart. Your cost for each bottle
Question:
You decide to begin selling bottles of water at the local swapmart. Your cost for each bottle of water is $1.25 plus you have topay a fee of $190 each week for the booth. Your plan is to selleach bottle of water for $3.15.
Note that in business, costs are any money you pay out. Revenueis any money you receive through sales. Profit is total revenuesminus total costs.
Write a function, C(n), to represent your total costs for theweek if you sell nn bottles of water.
C(n) =
Revenue is the amount of money you earn fromselling bottles of water. Write a function, R(n), to representthe revenue from the sale of nn bottles of water duringthe week.
R(n)=
Write a function, P(n), that represents the profits forselling nn bottles of water in a given week.
P(n)=
What is the minimum number of bottles of water you must sell inorder to not lose money? This number is called the break evenpoint. Write your answer as a whole number.
Complete the following sentence to explain the meaning of#1:
In order to not lost money, I need to sell at least _______ bottlesof water
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe