The monthly profit for a small company that makes long-sleeve T-shirts depends on the price per shirt. If the price is too high, sales will drop. If the price is too low, the revenue brought in may not cover the cost to produce the shirts. After months of dat collection, the sales team determines that the monthly profit is approximated by f (p)=-50p+1600p-11,000, where p is ti price per shirt and f (p) is the monthly profit based on that price. (a) Find the price that generates the maximum profit. (b) Find the maximum profit. (c) Find the price(s) that would enable the company to break even. If there is more than one price, use the "and" button.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter1: Expressions And Functions
Section1.8: Interpreting Graphs Of Functions
Problem 4GP
icon
Related questions
Topic Video
Question
The monthly profit for a small company that makes long-sleeve T-shirts depends on the price per shirt. If the price is too high,
sales will drop. If the price is too low, the revenue brought in may not cover the cost to produce the shirts. After months of data
2.
collection, the sales team determines that the monthly profit is approximated by f (p)=-50p+1600p-11,000, where p is the
price per shirt and f(p) is the monthly profit based on that price.
(a) Find the price that generates the maximum profit.
(b) Find the maximum profit.
(c) Find the price(s) that would enable the company to break even. If there is more than one price, use the "and" button.
Part: 0/3
Part 1 of 3
(a) The price that generates the maximum profit is $
Transcribed Image Text:The monthly profit for a small company that makes long-sleeve T-shirts depends on the price per shirt. If the price is too high, sales will drop. If the price is too low, the revenue brought in may not cover the cost to produce the shirts. After months of data 2. collection, the sales team determines that the monthly profit is approximated by f (p)=-50p+1600p-11,000, where p is the price per shirt and f(p) is the monthly profit based on that price. (a) Find the price that generates the maximum profit. (b) Find the maximum profit. (c) Find the price(s) that would enable the company to break even. If there is more than one price, use the "and" button. Part: 0/3 Part 1 of 3 (a) The price that generates the maximum profit is $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 1 images

Blurred answer
Knowledge Booster
Optimization
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
PREALGEBRA
PREALGEBRA
Algebra
ISBN:
9781938168994
Author:
OpenStax
Publisher:
OpenStax