Question

The cost of producing key chains with the company logo printed on them consistsof a onetime setup fee of $260.00 plus $0.80 for each key chain produced. Thiscost can be calculated using the formula C = 260.00+ 0.80p, where p representsthe number of key chains produced and C is the cost. Use the formula to calculatethe cost of producing 1700 key chains.

Answer 1

The cost foe producing 1700 key chains is $1,620

Step-by-step explanation:

Given that cost of production key chains can be calculated using the formula:

C = 260 + 0.80p

The cost for producing 1700 key chains can be obtained by substituting p by 1700 in the given formula.

C = 260 + 0.80(1700)

= 260 + 1360

= 1620

The cost is $1,620