Cost, Revenue & Profit
For these problems, z will represent the number of items and y will represent the money.
- The fixed costs for a certain item are $100 per week. The cost to produce each item is $5 per item.
Using this information, what is the cost equation?
Give your answer in slope-intercept form: y =
-The retailer intends to sell each item for $7/item.
Using this information, what is the revenue equation?
Give your answer in slope-intercept form: y =
-If in this week 42 items are made, and all items are sold in the week, what are the total costs to the
retailer?
Cost =
What is the revenue from selling 42 items?
Revenue =
Finally, what is the profit for this retailer?
Profit =