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
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