Math Problem Statement

A manufacturing company finds that the daily cost of producing x items of a

product is given by C(x) = 210x + 7000.

(i) If each item is sold for Rs. 350, find the minimum number that must be

produced and sold

daily to ensure no loss.

(ii) If the selling price is increased by Rs. 35 per piece, what would be the break-

even point.

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Linear Equations
Break-even Analysis

Formulas

Cost Function: C(x) = 210x + 7000
Revenue Function: R(x) = Selling Price × Number of Items
Break-even Condition: Revenue = Cost

Theorems

Break-even Analysis

Suitable Grade Level

Grades 9-12