Suppose the daily revenue (R) from selling x boxes of candy is given by the equation R = ₹ 12x. The daily cost of operating the store and the production of candy (C) is given by the equation C = ₹(8x + 96) . For how many boxes of candy will the revenue exceed the cost of production
x >24
For profit, revenue should exceed the cost of Production
Equation of revenue; R = 12x
Equation of cost; C = 8x + 96.
So, R > C
12x >(8x + 96)
x > 24.