Question

Please someone help me! I am not trying to get someone else to complete all the answers but I am stuck trying to figure out what x equals in this and I can't afford to get an f on this paper. Please see attached file

Answer 1

just a sec I'm trying to attach it

Answer 2

I don't even know if I am doing everything right that I have already done

Answer 3

That's what came up on the document? Are you using Word?

Answer 4

woah thats crazy, yes I am using word. I don't know why it came up like that but I am on the part where it says to find the cost equation for the tile. Let me try to fix the file really fast, I am sorry about that

Answer 5

I wonder if I am using a different version of word than you?

Answer 6

I have office home and student 2010 but idk if that makes a difference

Answer 7

thats weird, when I open up my own file it opens up right, maybe I can cut and paste parts so it doesnt have to be in word

Answer 8

Polynomials

Retail companies must keep close track of their operations to maintain profitability. Often, the sales data of each individual product is analyzed separately, which can be used to help set pricing and other sales strategies.

Application Practice

Answer the following questions. Use Equation Editor to write mathematical expressions and equations. First, save this file to your hard drive by selecting Save As from the File menu. Click the white space below each question to maintain proper formatting.

1. In this problem, we analyze the profit found for sales of decorative tiles. A demand equation (sometimes called a demand curve) shows how much money people would pay for a product depending on how much of that product is available on the open market. Often, the demand equation is found empirically (through experiment, or market research).

a. Suppose a market research company finds that at a price of p = $20, they would sell x = 42 tiles each month. If they lower the price to p = $10, then more people would purchase the tile, and they can expect to sell x = 52 tiles in a month’s time. Find the equation of the line for the demand equation. Write your answer in the form p = mx + b. Hint: Write an equation using two points in the form (x,p).

20 = 42m+b

A company’s revenue is the amount of money that comes in from sales, before business costs are subtracted. For a single product, you can find the revenue by multiplying the quantity of the product sold, x, by the demand equation, p.

b. Substitute the result you found from part a. into the equation R = xp to find the revenue equation. Provide your answer in simplified form.

840=42*20

The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this product is $300, and the supplier’s cost for a set of tile is $6 each. Let x represent the number of tile sets.

c. If b represents a fixed cost, what value would represent b?

300

d. Find the cost equation for the tile. Write your answer in the form C = mx + b.

C=+300

The profit made from the sale of tiles is found by subtracting the costs from the revenue.

e. Find the Profit Equation by substituting your equations for R and C in the equation . Simplify the equation.

f. What is the profit made from selling 20 tile sets per month?

g. What is the profit made from selling 25 tile sets each month?

h. What is the profit made from selling no tile sets each month? Interpret your answer.

i. Use trial and error to find the quantity of tile sets per month that yields the highest profit.

j. How much profit would you earn from the number you found in part i?

k. What price would you sell the tile sets at to realize this profit? Hint: Use the demand equation from part a.

2. The break even values for a profit model are the values for which you earn $0 in profit. Use the equation you created in question one to solve P = 0, and find your break even values.

3. In 2002, Home Depot’s sales amounted to $58,200,000,000. In 2006, its sales were $90,800,000,000.

a. Write Home Depot’s 2002 sales and 2006 sales in scientific notation.

You can find the percent of growth in Home Depot’s sales from 2002 to 2006 by following these steps:

• Find the increase in sales from 2002 to 2006.
• Find what percent that increase is of the 2002 sales.

b. What was the percent growth in Home Depot’s sales from 2002 to 2006? Do all your work by using scientific notation.

The Home Depot, Inc. (2007, March 29). 2006 Annual Report. Retrieved from http://www6.homedepot.com/annualreport/index.html

4. A customer wants to make a teepee in his backyard for his children. He plans to use lengths of PVC plumbing pipe for the supports on the teepee, and he wants the teepee to be 12 feet across and 8 feet tall (see figure). How long should the pieces of PVC plumbing pipe be?

Answer 9

I have Word 2003 with the patch to read Word 2007. I'll have to see if it needs another patch for Word 2010.

Answer 10

there I was able to put it in, I am on part d

Answer 11

If I may make a suggestion, cut these questions apart and post separately. More people can work on the separate parts that way.

Answer 12

well I would but some of the sections need the other sections to make sense and be solvable

Answer 13

like if I just put this "d. Find the cost equation for the tile. Write your answer in the form C = mx + b" you wouldn't be able to solve

Answer 14

@Directrix do you see what I mean?

Answer 15

Yes, I do. Those parts would have to go together.

This might be able to stand alone as a post.

3. In 2002, Home Depot’s sales amounted to $58,200,000,000. In 2006, its sales were $90,800,000,000.

a. Write Home Depot’s 2002 sales and 2006 sales in scientific notation.

You can find the percent of growth in Home Depot’s sales from 2002 to 2006 by following these steps:

• Find the increase in sales from 2002 to 2006.
• Find what percent that increase is of the 2002 sales.

b. What was the percent growth in Home Depot’s sales from 2002 to 2006? Do all your work by using scientific notation.

The Home Depot, Inc. (2007, March 29). 2006 Annual Report. Retrieved from http://www6.homedepot.com/annualreport/index.html

Answer 16

yes but I am really only asking about part d, I know how to write in scientific notation

Answer 17

I suppose it would have been better to just put the beginning up until part d but it was easier to copy and paste all of it so sorry

Answer 18

Is this what you are now working on:

d. Find the cost equation for the tile. Write your answer in the form C = mx + b.

C=+300

Answer 19

yeah but I know that it isn't c=+300, I just put in the parts I knew and was going to fill in the rest of it

Answer 20

b is the 300 part

Answer 21

You want to put this: answer in simplified form.

840=42*20

in simplified form?

Answer 22

yes did I do that wrong?

Answer 23

840 is just 840. It cannot be simplified.

Answer 24

so I don't need the 42*40part?

Answer 25

No. If the answer had been 5/10, then that would simplify to 1/2.

What you are doing is factoring 840.

Answer 26

k.I will correct that now, thank you for letting me know!

Answer 27

I did it like that because it says "Substitute the result you found from part a. into the equation R = xp to find the revenue equation. Provide your answer in simplified form." so I thought I had to put it in the form R=xp

Answer 28

okay well this assignment is now late so I will just do it tomorrow... goodnight...