Suppose the weekly cost for the production and sale of bicycles is ​C(x)equals30xplus4039 dollars and that the total revenue is given by ​R(x)equals82x ​dollars, where x is the number of bicycles.

a.
Write the equation of the function that models the weekly profit from the production and sale of x bicycles.
b.
What is the profit on the production and sale of 200 ​bicycles?
c.
Write the function that gives the average profit per bicycle.
d.
What is the average profit per bicycle if 200 are produced and​ sold?

1 answer

To solve the given problems, we'll follow each step accordingly.

a. Write the equation of the function that models the weekly profit from the production and sale of x bicycles.

The profit \( P(x) \) is calculated as the difference between the total revenue \( R(x) \) and the total cost \( C(x) \):

\[ P(x) = R(x) - C(x) \]

Given:

  • \( C(x) = 30x + 4039 \)
  • \( R(x) = 82x \)

Substituting the expressions for \( R(x) \) and \( C(x) \):

\[ P(x) = 82x - (30x + 4039) \]

Now simplifying that:

\[ P(x) = 82x - 30x - 4039 \] \[ P(x) = 52x - 4039 \]

b. What is the profit on the production and sale of 200 bicycles?

We substitute \( x = 200 \) into the profit function \( P(x) \):

\[ P(200) = 52(200) - 4039 \] \[ = 10400 - 4039 \] \[ = 6361 \]

So, the profit on the production and sale of 200 bicycles is $6361.

c. Write the function that gives the average profit per bicycle.

The average profit per bicycle can be represented as the total profit divided by the number of bicycles produced:

\[ \text{Average Profit} = \frac{P(x)}{x} \]

Substituting the profit function \( P(x) \):

\[ \text{Average Profit} = \frac{52x - 4039}{x} \]

Simplifying the expression gives:

\[ \text{Average Profit} = 52 - \frac{4039}{x} \]

d. What is the average profit per bicycle if 200 are produced and sold?

We substitute \( x = 200 \) into the average profit function:

\[ \text{Average Profit} = 52 - \frac{4039}{200} \] Calculating \( \frac{4039}{200} \):

\[ \frac{4039}{200} = 20.195 \]

Now substituting back:

\[ \text{Average Profit} = 52 - 20.195 \] \[ = 31.805 \]

So, the average profit per bicycle if 200 are produced and sold is approximately $31.81.