The question tells us that the profit is equal to the difference between revenue and cost.
Then P(x) = R(x) -C(x)
The revenue can be modeled by the function:
and the cost can be modeled by:
Replace both functions on the Profit equation:
Solve like terms:
Now, the x variable represents the number of cell phones sold.
If 240 cell phones are sold, set x= 240:
Therefore, the correct answer is the third option.