Question

The profit ,P dollars, earned by students at a high school selling boxes of chocolates is approximated to be P= -60x^2+600x , where x dollars is the selling price of one box of chocolates. What selling price gives the maximum profit?

Answer 1

Selling price of 5 gives the maximum profit

Explanation:

What we do here is to find the first derivative, since at maximum points, the profit will be set to zero.

Mathematically, we have;

dp/dx = -120x + 600

We now equate this to zero

0 = -120x + 600

120x = 600

x = 600/120

x = 5