Scarlett sells designer ponchos. The revenue, R, she makes from selling a batch of n ponchos is given by the function R(n)=20n, and the expenses, E, that she incurs from producing a batch of n ponchos is given by the functionE(n)=10⋅n. Let P be the total profit Scarlett makes from producing and selling a batch of n ponchos.Write a formula for P(n) in terms of R(n) and E(n).P(n)=Write a formula for P(n) in terms of n.P(n)=□
Q. Scarlett sells designer ponchos. The revenue, R, she makes from selling a batch of n ponchos is given by the function R(n)=20n, and the expenses, E, that she incurs from producing a batch of n ponchos is given by the functionE(n)=10⋅n. Let P be the total profit Scarlett makes from producing and selling a batch of n ponchos.Write a formula for P(n) in terms of R(n) and E(n).P(n)=Write a formula for P(n) in terms of n.P(n)=□
Define Profit Function: Define the profit function in terms of revenue and expenses. Profit is calculated by subtracting expenses from revenue. Profit P=R−E
Write Formula for P(n): Write the formula for P(n) using the given functions for R(n) and E(n).We are given R(n)=20n and E(n)=10n.So, P(n)=R(n)−E(n)
Substitute Expressions: Substitute the expressions for R(n) and E(n) into the profit formula.P(n)=20n−10n
Simplify Expression: Simplify the expression for P(n) if possible.The expression 20n−10n is already in its simplest form, so we cannot simplify it further.
More problems from Interpret parts of quadratic expressions: word problems