Charlotte-Mecklenburg Schools (CMS) is going to host a Superhero "Dinner and a Movie" fundraiser at a local theater. Tickets will be for dinner and a screening of Wakanda Forever. They hire you as a consultant to help set the selling price of the tickets. You analyze the costs and consumer demands and arrive at a function for the profit, P(x)=−x2+90x−100, where x represents the price of a ticket for dinner and watching Wakanda Forever.What are the break-even points (the selling prices for which the profit is $0 )? Give answers to the nearest cent.x=$◻(left-most break-even point)x=$◻(right-most break-even point)
Q. Charlotte-Mecklenburg Schools (CMS) is going to host a Superhero "Dinner and a Movie" fundraiser at a local theater. Tickets will be for dinner and a screening of Wakanda Forever. They hire you as a consultant to help set the selling price of the tickets. You analyze the costs and consumer demands and arrive at a function for the profit, P(x)=−x2+90x−100, where x represents the price of a ticket for dinner and watching Wakanda Forever.What are the break-even points (the selling prices for which the profit is $0 )? Give answers to the nearest cent.x=$◻(left-most break-even point)x=$◻(right-most break-even point)
Identify profit function: Identify the profit function and set it to zero to find the break-even points.P(x)=−x2+90x−100Set P(x)=0 to find the values of x.0=−x2+90x−100
Solve quadratic equation: Solve the quadratic equation using the quadratic formula, x=2a−b±b2−4ac. Here, a=−1, b=90, and c=−100. x=2(−1)−90±(90)2−4(−1)(−100)x=−2−90±8100−400
Continue calculation: Continue the calculation from Step 2.x=−2−90±7700x=−2−90±87.74x=−2−90+87.74 and x=−2−90−87.74
Calculate specific values: Calculate the specific values for x.x1=−2(−90+87.74)=−1.13x2=−2(−90−87.74)=88.87
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