Question

To raise funds, the football team is selling coupon calendars. The football team earned $500 in selling coupons for the calendar and plans to sell the calendars for $20 each. The cost of printing each calendar is $8 each. What is the profit function for the football team?

A) Profit = 20x - 8x - 500
B) Profit = 20x + 8x - 500
C) Profit = 8x - 20x + 500
D) Profit = 500 - 20x - 8x

Answer 1

The profit function for the football team is given by the equation Profit = 20x - 8x - 500, where x represents the number of calendars sold.

Therefore, the correct answer is A) Profit = 20x - 8x - 500.

Step-by-step explanation:

The profit function for the football team can be calculated as follows:

Profit = Total Revenue - Total Cost

Total Revenue = Selling Price * Quantity

Total Cost = Printing Cost + Sales Expenses

Given that the selling price of each calendar is $20 and the printing cost is $8 per calendar, we can write the profit function as:

Profit = 20x - 8x - 500