College Algebra (6th Edition)

Published by Pearson
ISBN 10: 0-32178-228-3
ISBN 13: 978-0-32178-228-1

Chapter 5 - Systems of Equations and Inequalities - Exercise Set 5.1 - Page 528: 58

Answer

The company lost $4000

Work Step by Step

Plug 300 into both equations R(300) = 50(300) = 15000 C(300) = 1000 + 30(300) = 19000 R(300) - C(300) = 15000 - 19000 = -4000 The company lost $4000 by selling 300 radios. This is because costs are higher than revenue.
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