Question

Given the formula

Profit =Revenue - Cost, that is
P= R- C, find the following

(a) Solve for C.

(b) Find C when
P = $3250 and R= $7200

Answer 1

Hi, to find the answer to this we can use the P=R-C formula.

This equals 3250 = 72000 - C

Since we know that revenue is profit - cost, we can subtract 3250 from 72000. 72000 - 3250 = 68750.

Therefore, C = 68750.
Have a nice day, I hope this answered your question!