Wednesday, 27 June 2007
Your profit P is determined by subtracting the cost C (the amount of money it costs to operate a business) ? -
from the revenue R (the amount of money you earn from selling your product) Profit can be represented algebraically by the equations. P=R-C or Profit=Revenue-Cost a) Rewrite the formula at o solve for C. b) Suppose your profit for one day is $1,281, and the cost of running the business for th e day is $1,463. What is the revenue for t hat day? Explain your answer.|::::|... $2 744 R=C+P|::::|U r right P=R-C so put the digits into the formula:- here P=$1,281 and C= $ 1,463 ,, R= ? Put the digits:- $ 1,281= R - $ 1,463 $ 1,281 + $ 1,463 = R So R = $ 2,744.|::::|a) P - R= -C so C = -(P - R), final answer is C = R - P b) P = 1281, C = 1463, P = R - C, so $1281 = R - $1463 so R = $2744 Hope it is correct.
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