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.
Q. 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.
Define variables: Let's define the variables:- P is the monthly net profit.- n is the selling price per car.- c is the cost to produce a single car.- The number of cars produced and sold per month is 8000.The net profit is calculated by subtracting the total cost of production from the total revenue.Total revenue is the number of cars sold multiplied by the selling price per car.Total cost is the number of cars produced multiplied by the cost to produce a single car.Let's calculate the total revenue:Total revenue = Number of cars sold ∗ Selling price per carTotal revenue = 8000×n
Calculate total revenue: Now, let's calculate the total cost:Total cost = Number of cars produced ∗ Cost to produce a single carTotal cost = 8000×c
Calculate total cost: Next, we will write the equation for the net profit:Net profit P = Total revenue - Total costP=(8000×n)−(8000×c)
Write net profit equation: We can simplify the equation by factoring out the common factor, which is 8000:P=8000×(n−c)This is the equation that relates the monthly net profit P, the selling price per car n, and the cost to produce a single car c.
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