Ask Experts Questions for FREE Help !
Ask
    mikeyp's Avatar
    mikeyp Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 2, 2007, 02:12 PM
    summer class precalc profit equation
    Im unsure how to do this on a TI-83 calc. It's a profit equation giving a table looking like this. How do you solve?
    shirt sales for summer X Price per shirt P
    500 $13.50
    900 11.50
    1300 9.5
    1700 7.5
    2100 5.5
    2500 3.5
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    Jul 2, 2007, 03:42 PM
    Hello MikeyP. It seems like you may have left part of the question off your post. Looks like you've provideed a table of prices, and the corresponding number of shirts you would sell at each price (i.e. the lower the price you set, the more people are willing to buy them). Am I interpreting that correctly? Well, to determine profit you also need to know the cost to make the shirts - did they give that to you? It may be in the form of a fixed cost plus a variable cost per shirt (for example, maybe it costs $100 to set up the business and $2 to manufacture each shirt). From this data you could then determine what price to set to maximize your profit. Hope this helps.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Summer Switch on Furnace- on or off in summer? [ 3 Answers ]

I have an older model Carrier furnace for central heat in the basement; the AC unit is newer and outside. I noticed that the Carrier unit has a "Summer Switch". Should it be set to off during the summer months?

Word equation as chemical equation and balance [ 2 Answers ]

Can anyone help me with these. I don't get it.:confused: Aluminum bromide + chlorine yield aluminum chloride +bromine Potassium chlorate when heated yields potassium chloride + oxygen gas Hydrogen +nitrogen monoxide yield water + nitrogen

Precalc/Trig [ 1 Answers ]

I need help finding the exact values.. such as: sec^2(3.14/pie?)+cot3(pie)/2-csc5(pie)/4sin(pie)/4 sorry don't know how to get the pie shape thing

Precalc/trig [ 2 Answers ]

how do u solve this problems sin x + 2sinxcosx tanx(tanx + 1)= 0

PreCalc Trig [ 1 Answers ]

solve for theta with calc 5 sin 3 theta = -2


View more questions Search