Question

Please help i'm stuck......




To produce a particular radio model, it costs a manufacturer $30 per radio, and it is assumed that if 500 radios are produced, all of them will be sold. What must be the selling price per radio to ensure that the profit (revenue from the sales minus the total production cost) on the 500 radios is greater than $8,200?

Answer 1

where are you stuck at?

Answer 2

what is x in this case

Answer 3

revenue

Answer 4

good

Answer 5

if we wanted the profit to be 8,200 then we would say

profit = (revenue) - (cost)
8,200 = x - 15,000

agreed?

Answer 6

yes

Answer 7

solve `8,200 = x - 15,000` for x to get x = ???

Answer 8

23200

Answer 9

so the total revenue must be 23,200 if you want a profit of 8,200

Answer 10

now use the idea

revenue = (number of units sold)*(price per unit)

Answer 11

Anything that is $47 or more

Answer 12

23,200= (500)(30)

Answer 13

`23,200= (500)(30)` is a false equation

Answer 14

$30 is the cost and NOT the selling price

Answer 15

let y = selling price

revenue = (number of units sold)*(price per unit)
8200 = (500)*(y)
y = ???

Answer 16

46.4

Answer 17

so anything greater than 46.4

Answer 18

idk how you got 46.4

Answer 19

oh sorry I put in the wrong revenue, my bad

Answer 20

revenue = (number of units sold)*(price per unit)
23200 = (500)*(y)
y = 46.4

so you have the correct selling price

Answer 21

thank u

Answer 22

no problem