anonymous
  • anonymous
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?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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jim_thompson5910
  • jim_thompson5910
where are you stuck at?
anonymous
  • anonymous
|dw:1441150359935:dw|
jim_thompson5910
  • jim_thompson5910
what is x in this case

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More answers

anonymous
  • anonymous
revenue
jim_thompson5910
  • jim_thompson5910
good
jim_thompson5910
  • jim_thompson5910
if we wanted the profit to be 8,200 then we would say profit = (revenue) - (cost) 8,200 = x - 15,000 agreed?
anonymous
  • anonymous
yes
jim_thompson5910
  • jim_thompson5910
solve `8,200 = x - 15,000` for x to get x = ???
anonymous
  • anonymous
23200
jim_thompson5910
  • jim_thompson5910
so the total revenue must be 23,200 if you want a profit of 8,200
jim_thompson5910
  • jim_thompson5910
now use the idea revenue = (number of units sold)*(price per unit)
MikeyMaximum
  • MikeyMaximum
Anything that is $47 or more
anonymous
  • anonymous
23,200= (500)(30)
jim_thompson5910
  • jim_thompson5910
`23,200= (500)(30)` is a false equation
jim_thompson5910
  • jim_thompson5910
$30 is the cost and NOT the selling price
jim_thompson5910
  • jim_thompson5910
let y = selling price revenue = (number of units sold)*(price per unit) 8200 = (500)*(y) y = ???
anonymous
  • anonymous
46.4
anonymous
  • anonymous
so anything greater than 46.4
jim_thompson5910
  • jim_thompson5910
idk how you got 46.4
jim_thompson5910
  • jim_thompson5910
oh sorry I put in the wrong revenue, my bad
jim_thompson5910
  • jim_thompson5910
revenue = (number of units sold)*(price per unit) 23200 = (500)*(y) y = 46.4 so you have the correct selling price
anonymous
  • anonymous
thank u
jim_thompson5910
  • jim_thompson5910
no problem

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