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anonymous

  • one year ago

Please help i'm stuck...... To produce a particular radio model, it costs a manufacturer $30 per radio, and it is assumed that if 500 radios are produced, all of them will be sold. What must be the selling price per radio to ensure that the profit (revenue from the sales minus the total production cost) on the 500 radios is greater than $8,200?

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  1. jim_thompson5910
    • one year ago
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    where are you stuck at?

  2. anonymous
    • one year ago
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    |dw:1441150359935:dw|

  3. jim_thompson5910
    • one year ago
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    what is x in this case

  4. anonymous
    • one year ago
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    revenue

  5. jim_thompson5910
    • one year ago
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    good

  6. jim_thompson5910
    • one year ago
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    if we wanted the profit to be 8,200 then we would say profit = (revenue) - (cost) 8,200 = x - 15,000 agreed?

  7. anonymous
    • one year ago
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    yes

  8. jim_thompson5910
    • one year ago
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    solve `8,200 = x - 15,000` for x to get x = ???

  9. anonymous
    • one year ago
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    23200

  10. jim_thompson5910
    • one year ago
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    so the total revenue must be 23,200 if you want a profit of 8,200

  11. jim_thompson5910
    • one year ago
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    now use the idea revenue = (number of units sold)*(price per unit)

  12. MikeyMaximum
    • one year ago
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    Anything that is $47 or more

  13. anonymous
    • one year ago
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    23,200= (500)(30)

  14. jim_thompson5910
    • one year ago
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    `23,200= (500)(30)` is a false equation

  15. jim_thompson5910
    • one year ago
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    $30 is the cost and NOT the selling price

  16. jim_thompson5910
    • one year ago
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    let y = selling price revenue = (number of units sold)*(price per unit) 8200 = (500)*(y) y = ???

  17. anonymous
    • one year ago
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    46.4

  18. anonymous
    • one year ago
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    so anything greater than 46.4

  19. jim_thompson5910
    • one year ago
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    idk how you got 46.4

  20. jim_thompson5910
    • one year ago
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    oh sorry I put in the wrong revenue, my bad

  21. jim_thompson5910
    • one year ago
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    revenue = (number of units sold)*(price per unit) 23200 = (500)*(y) y = 46.4 so you have the correct selling price

  22. anonymous
    • one year ago
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    thank u

  23. jim_thompson5910
    • one year ago
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    no problem

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