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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?
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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jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2where are you stuck at?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0dw:1441150359935:dw

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2what is x in this case

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2if we wanted the profit to be 8,200 then we would say profit = (revenue)  (cost) 8,200 = x  15,000 agreed?

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2solve `8,200 = x  15,000` for x to get x = ???

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2so the total revenue must be 23,200 if you want a profit of 8,200

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2now use the idea revenue = (number of units sold)*(price per unit)

MikeyMaximum
 one year ago
Best ResponseYou've already chosen the best response.0Anything that is $47 or more

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2`23,200= (500)(30)` is a false equation

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2$30 is the cost and NOT the selling price

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2let y = selling price revenue = (number of units sold)*(price per unit) 8200 = (500)*(y) y = ???

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0so anything greater than 46.4

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2idk how you got 46.4

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2oh sorry I put in the wrong revenue, my bad

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.2revenue = (number of units sold)*(price per unit) 23200 = (500)*(y) y = 46.4 so you have the correct selling price
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