## Related questions with answers

Question

Find expressions for the revenue, cost, and profit from selling x thousand items.

$\begin{array}{lll} \text{Item Price} & \text{Fixed Costs} & \text{Variable Costs}\\ \$8.50 & \$225,000 & 4200x \end{array}$

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 7Here, we have to find the expression for revenue, cost and profit of an item. First we will determine the revenue using the formula.

$\text{Revenue = (Price per item)$\times$ (number of item sold)}$

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