Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

John sales model boats from a booth at a local fair. He purchases each model boat from a distributor for five dollars and the local fair chargers him a baby and $80 John cells each model boat for $50. Write a system of equations to represent the situation

Sagot :

buchinnamani208

Answer and explanation:

Profit from sale of model boats = Sales -costs(costs of goods purchases + expenses or charges by the local fair)

John's profit from the sale of model boats can be represented by the equation:

P= 50x-(5x+80)

Where P is profit from the sale of the model boats and x is number of model boats bought and sold. The 80 is constant as it is a fixed cost paid to the local fair.

For example if John buys and sells 20 model boats, he would make profit of:

Substitute x=20 in equation above

P= 50×20-(5×20+80)

P=1000-180

P=$820

It could be said that John is in a very profitable business and his profit is also dependent on volume of sales because the lower his sales the closer he gets to making a loss and not profit

We hope this was helpful. Please come back whenever you need more information or answers to your queries. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.