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A certain factory produces and sells 8000 cars per month, making a monthly net profit of 
P dollars. They sell each car for 
n dollars and it costs them 
c dollars to produce a single car.
Write an equation that relates 
P, 
n, and 
c.

A certain factory produces and sells 80008000 cars per month, making a monthly net profit of P P dollars. They sell each car for n n dollars and it costs them c c dollars to produce a single car.\newlineWrite an equation that relates P P , n n , and c c .

Full solution

Q. A certain factory produces and sells 80008000 cars per month, making a monthly net profit of P P dollars. They sell each car for n n dollars and it costs them c c dollars to produce a single car.\newlineWrite an equation that relates P P , n n , and c c .
  1. Define variables: Let's define the variables:\newline- PP is the monthly net profit.\newline- nn is the selling price per car.\newline- cc is the cost to produce a single car.\newline- The number of cars produced and sold per month is 80008000.\newlineThe net profit is calculated by subtracting the total cost of production from the total revenue.\newlineTotal revenue is the number of cars sold multiplied by the selling price per car.\newlineTotal cost is the number of cars produced multiplied by the cost to produce a single car.\newlineLet's calculate the total revenue:\newlineTotal revenue = Number of cars sold * Selling price per car\newlineTotal revenue = 8000×n8000 \times n
  2. Calculate total revenue: Now, let's calculate the total cost:\newlineTotal cost = Number of cars produced * Cost to produce a single car\newlineTotal cost = 8000×c8000 \times c
  3. Calculate total cost: Next, we will write the equation for the net profit:\newlineNet profit PP = Total revenue - Total cost\newlineP=(8000×n)(8000×c)P = (8000 \times n) - (8000 \times c)
  4. Write net profit equation: We can simplify the equation by factoring out the common factor, which is 80008000:\newlineP=8000×(nc)P = 8000 \times (n - c)\newlineThis is the equation that relates the monthly net profit PP, the selling price per car nn, and the cost to produce a single car cc.

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