A company manufactures and sells novelty mugs. The manufacturing costs consists of a fixed cost of R8000 AND A VARIABLE COST OF R15.00 per mug. The mugs are sold at R35 each. Assume a linear profit function.1. Determine the profit function.
2. What is the break-even level.
3. Draw a graph depicting a profit function.

Answers

Answer 1
Answer: Given:
Manufacturing cost : fixed cost = 8,000 ; variable cost = 15 per mug
Selling Price: 35 per mug

Let x be the number of mugs.

Sales Revenue = 35x
Manufacturing Cost = 8,000 + 15x

Profit = Sales Revenue - Manufacturing Cost
P = 35x - 8,000 - 15x
P = 20x - 8,000

Break even level: Profit is 0
Sales Revenue = Manufacturing cost
35x = 8,000 + 15x
35x - 15x = 8000
20x = 8000
x = 8000/20
x = 400

Company must produce at least 400 mugs to break even or have 0 profit. Quantity greater than 400 will result to a profit while quantity lesser than 400 will result to a loss.

Related Questions

Can someone please take a look at number 33 and tell me if i’ve done it correctly? Thanks!
Which statements about the system are true? Check all that apply. y = x – 4 3y – x = –7 The system has one solution. The system consists of parallel lines. Both lines have the same slope. Both lines have the same y–intercept. The equations represent the same line. The lines intersect.
Regression analysis is a statistical procedure for developing a mathematical equation that describes how Options one independent and one or more dependent variables are related several independent and several dependent variables are related one dependent and one or more independent variables are related None of these alternatives is correct
Latasha scored 4 goals in a 6-game tournament at the start of the soccer season. Her team plays 21 games during the season. If she scores goals throughout the season at the same rate she did during the tournament, how many goals will she score this season?
Can you please show me how to do: 6 square root 3 Times Square root 3 over 3. It would be really great if you could show me all the steps on how to do it.

a student has an average of 76 on the first 5 quizzes, what average is needed on the next 5 quizzes to pull his quiz average up to an 80?

Answers

The student has an average of 76 on his first 5 quizzes. Remember that average is also known as mean. Mean is calculated by adding the values in a data set and dividing it by the amount of numbers you added.

In this case,the mean is 76. That means five numbers were added and divided by 5 and the quotient was 76.

(x+x+x+x+x)/(5)=76

You can find the dividend by cross multiplying.

(x+x+x+x+x)/(5)=76 \rightarrow x+x+x+x+x=76 *5 \rightarrow 380

The total points he got on his first 5 quizzes was 380.

If he wants to boost his average grade up to an 8 after taking another 5 quizzes, you need to multiply his average goal by the amount of quizzes, which is 10(5+5=10).

80 * 10=800

His total points after taking all his quizzes(that is, if he reached his goal) should be 800. Because he already took 5 quizzes and got a total score of 380, you're going to subtract 380 from 800 and divide it by the remaining quizzes left, which is 5.

First subtract 380 from 800:

800-380=420

That means his next 5 quizzes need to sum up to a total of 420 points. Since you're trying to find the average of his next 5 quizzes in order to average up to an 80, you need to divide 420 by 5(number of remaining quizzes).

Divide:

420 / 5=84

Your answer is 84(84%).

Use the elimination method to solve the system of equations.choose the correct ordered.4x+7y=60
-4x+7y=-4

Answers

A) 4x+7y=60
B) -4x+7y=-4
Adding the 2 equations
14y = 56
y = 4


A) 4x+7*4=60

A) 4x+28=60
A) 4x = 32
x = 8

Hi there,Can you solve this task?

You see seven sisters standing around the kitchen table. Every sister has her own backpack. In each backpack there are seven large cats. And guess what! For every big cat there are also seven small kittens. The question is – how many legs are in the room?

Answers

We have 7 people which result ----> 7 * 2 = 14 legs

Also, the table has 4 legs

The number of the big cats is 7 *7 =49 (big cats)

For every big cat we have ---> 49 * 4= 196 legs

For every big cat we have 7 small cats which means --> 49 * 7= 343 (small kittens)

The number of legs for small kittens is 343 * 4 = 1372 legs

The number of legs is:

14+4+196+1372= 1586 legs are in total
7 girls: 14 legs
7 backpacks * 7 (1big cats +7 kittens): 1568 legs (assuming 4 legs each)
1 table: 4 legs
total: 14+1568+4 = 1586 legs

At Bayside High School, 55% of the student body are boys. Thirty-five percent of the boys are on honor roll, and 40% of girls are on honor roll. What percent of the student body is on honor roll? Round to the nearest percent

Answers

If 55% of the student body are boys, then 45% are girls.

35% of boys are on the honor roll, so 35% of 55% are on the honor roll.

40% of girls are on the honor roll, so 40% of 45% are on the honor roll.

So now we need to find each of those numbers...

35% of 55% =
.35 * .55 = .1925  multiply by 100 to convert to percent

19.25% of boys (in the student body) are on honor roll


40% of 45% =
.40 * .45 = .18   multiply by 100 to convert to percentage

18% of girls (in the student body) are on honor roll

Add the two together to get the total percentage of student body that is on the honor roll...

19.25% + 18% = 37.25%

Round to the nearest percent

37%

So,

35% of 55% is equal to the percent of boys on honor roll in the student body.

100 - 55 = 45%, which is the percent of girls in the student body.

40% of 45% is equal to the percent of girls on honor roll in the student body.

35% * 55% = 19.25%

40% * 45% = 18%

Adding them up, we get:
19.25 + 18 = 37.25%

Round it to the nearest percent.
37.25 --> 37%

Rounded to the nearest percent, 37% of the student body is on honor roll.

If a number rounded to the nearest tenth is 10.1, which of the following could be the number?

Answers

it could be 10.11 10.12 10.13 10.14 
as long as the number next to the one is less than five it will become 10.1

Find the perimeter of a rectangular garden that has a width of 4x−6 and a length of 2x+4. im i n t e a r s pLEASE

Answers

The Perimeter: of the rectangular garden that has a width of 4x−6 and a length of 2x+4 is 2(2x - 7) + 2(3*2 + 4x).

What is perimeter?

Perimeter is the sum of length of the sides used to made the given figure.

The area of the rectangle is the product of the length and width of a given rectangle.

The area of the rectangle = length × Width

WE need to find the perimeter of a rectangular garden that has a width of 4x−6 and a length of 2x+4.

Area = (2x - 7) * (3*2 + 4x)

Area = (2x - 7) * (6 + 4x)

Area =  8x - 42

The Perimeter: of the rectangular garden that has a width of 4x−6 and a length of 2x+4 is 2(2x - 7) + 2(3*2 + 4x).

Learn more about perimeter here:

brainly.com/question/10466285

#SPJ2

Answer:

Perimeter: 2(2x - 7) + 2(3*2 + 4x)

Step-by-step explanation:

Area: (2x - 7) * (3*2 + 4x)

         (2x - 7) * (6 + 4x)

                 8x-42

Perimeter: 2(2x - 7) + 2(3*2 + 4x)