Benjamins Backpacks can sell backpacks for $25 per backpack. The costs for making the backpacks are a fixed cost of
(a) Write the cost and revenue equations.
(b) Graph both equations, for up to and including 50 back-packs, on the same axes.
(c) Use the graph to estimate the number of backpacks Benjamins Backpacks must sell to break even.
(d) Write the profit formula.
(e) Use the profit formula to determine whether Benjamins Backpacks makes a profit or loss if it sells 30 back-packs. What is the profit or loss?
(f) How many backpacks must Benjamins Backpacks sell to make a profit of $1000?
Part of the question involves determining a system of equations that models the situation.
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