Answer: (22) $9,075 (23) $656.25 (24) $217.13
Explanation:
Cost Function: C(x) = 5.75x + 8,000
C(10,000) = 5.75(10,000) + 8,000
= 57,500 + 8,000
= 65,500
Revenue Function: R(x) = 9.50x
R(7,850) = 9.50(7,850)
= 74,575
Profit Function: P(x) = R(x) - C(x)
= 74,575 - 65,500
= 9,075
*****************************************************************************
Retail = Unit Cost + Unit Cost × Markup
= $375 + $375 × .75
= $375 + $281.25
= $656.25
*****************************************************************************
$225 but if paid within 10 days there is a 3.5% discount
Discount = $225 - $225 × .035
= $225 - $7.88
= $217.13