The revenue is the amount of money that is made by selling the candy. Cost is the amount of money that is spent to make and market the candy. Profit is the amount of money left over form the revenue after the cost is spent.P(x) = -0.04x² + 9.5x - (1.25x + 250) = -0.04x² + 8.25x - 250
1, $-241.7950, $62.50100, 175200, -200
300 a day would be a loss of $1375
Hello Ray, the formula makes sense since it is supposed to be a quadratic equation but my biggest challenge was with the table and the profit made from the number of boxes sold. I did get the same answer as you did, it didn't seem to make sense but I guess I was right.
Hmmm. Let me double check those numbers.
8.25 / 0.08 = 103.125. This is the max for this problem. I would recommend that you check with your instructor that this is not a typo. I think there is something wrong with the problem.
Thank you, XXXXX XXXXX what I got on my first try. what threw me off was the negative number for the300
$175.391 is the max as the problem is given, but I believe there is a mistake here. Check with your instructor and get back to me. I want to give you right info for the right problem.
The fact that the problem asked about 300 chocolates does not make sense.
It was a 300 boxes of chocolate. But my calculations still did not make much sense. I will ask my instructor and will get back to you.
I mean that there might be as mistake in the R(x) and C(x). As written, there is no "significance" of 300 boxes.