Math Problem Statement
The latest demand equation for your "Banjos Rock" T-shirts is given by q = −30x + 3600 where q is the number of shirts you can sell in one week if you charge x dollars per shirt. When you charge x dollars per shirt, your weekly cost function (in dollars) is given by C(x) = −900x + 141750
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Quadratic Equations
Profit and Revenue Analysis
Formulas
Revenue function: R(x) = x(-30x + 3600) = -30x^2 + 3600x
Profit function: P(x) = R(x) - C(x) = -30x^2 + 4500x - 141750
Quadratic formula: x = (-b ± √(b² - 4ac)) / 2a
Theorems
Quadratic formula
Break-even analysis
Suitable Grade Level
Grades 10-12
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