Math Problem Statement

How do I solve this question? It should be how much profit is produced by making 146.5 units. Not negative

How much profit is earned by producing 146.5 units if the profit is given by the equation: profit = 17.54x - 10171.9?

Solution

To solve the problem, you are given the equation for profit:

profit=17.54x10171.9\text{profit} = 17.54x - 10171.9

where xx represents the number of units produced. You're asked to find the profit when x=146.5x = 146.5 units.

Steps to solve:

  1. Substitute x=146.5x = 146.5 into the profit equation: profit=17.54(146.5)10171.9\text{profit} = 17.54(146.5) - 10171.9

  2. Perform the multiplication: 17.54×146.5=2569.5117.54 \times 146.5 = 2569.51

  3. Subtract the constant value: 2569.5110171.9=7602.392569.51 - 10171.9 = -7602.39

Final Answer:

The profit when producing 146.5 units is -7602.39.

Although it seems unusual to have a negative profit, this simply means the costs have exceeded the revenue at this level of production.

Would you like further details, or do you have any additional questions?

Follow-up questions:

  1. What does a negative profit indicate in a business context?
  2. How would the profit change if more units were produced, say 200 units?
  3. Can you interpret the meaning of the constants 17.54 and -10171.9 in the profit equation?
  4. What is the break-even point, where profit equals zero, in this case?
  5. How would you model profit if there were variable costs involved?

Tip:

If the profit is negative, the company may need to either reduce costs or increase the selling price to become profitable.

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Math Problem Analysis

Mathematical Concepts

Linear Equations
Algebra
Substitution

Formulas

Profit Equation: profit = 17.54x - 10171.9

Theorems

Linear Equation Theorem

Suitable Grade Level

Grades 8-10