wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A company sells its product at the rate of Rs. 6 per unit. The variable costs are estimated to run 25% of the total revenue received. If the fixed costs for the product are Rs. 4500. Find the profit function.

A
6x32x4500
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
6x12x4500
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
6x+32x4500
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
6x52x+4500
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B 6x32x4500
Here, price per unit (p)=Rs.6
Total revenue R(x)=p.x=6x where x is the number of unit sold.
Cost function C(x)=4500+25100R(x)

Cost function C(x)=4500+25100×6x

C(x)=4500+32x

Profit function P(x)=R(x)C(x)

P(x)=6x(4500+32x)

P(x)=6x32x4500

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Arithmetic Progression - Sum of n Terms
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon