Question

A company’s profit is equal to revenue minus cost. For one company, the yearly revenue is $32 million. What function rule describes the yearly profit for any yearly cost? let c Represent the yearly cost and p represent the yearly profit, both in millions of dollars.

Answer 1

p=32-c (*Units in million $)

Explanation:

Let r be the revenue realized in any given year.

-Given that c=cost and p= revenue

#We notice that the profit, cost or revenue realized in one year is independent of the prior or subsequent year.

-Therefore, the revenue function is independent of time and is expressed as:

`p=r-c\\\\r=32\\\\\therefore p=32-c`

Hence, the yearly profit for any given year is expressed as p=32-c (*Units in million $).