Question

The gross profit GP of an item equals the selling price P minus the $2 cost of producing the item. Need to write formula and graph

Answer 1

We have

GP is the gross profit

P=selling price

$2 cost of producing the item

The equation will be

GP=P-2

Following the formula, we will calculate some points to generate the graph

P GP

2 0

3 1

4 2

5 3

6 4