Question

A toy company spends $1900 for factory expenses plus $11 per toy truck (t) to make each toy truck. The trucks (t) sell for $30 each. What is the equation in terms of (t).

Answer 1

P(t) = 19t - 1900

Explanation:

The factory expenses = $1900

Per toy expense = $11

The selling price of toy = $30

Now we have to convert it in the equation form. Use the below formula to convert these values in equation form.

Profit = Total revenue – total cost

Profit = TR – (variable cost + fixed cost)

Profit on truck = 30t – (11t + 1900)

Profit = 30t – 11t – 1900

P(t) = 19t - 1900