Math Problem Statement

The profit, P dollars, earned by students selling boxes of chocolates is approximated to be P=-60x^2+600x , where x  dollars is the selling price of one box of chocolates. What selling price gives the maximum profit?

 a

$25

 b

$5

 c

$60

 d

$10

Solution

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Math Problem Analysis

Mathematical Concepts

Quadratic Equations
Vertex Form
Profit Maximization

Formulas

Quadratic function P(x) = ax^2 + bx + c
Vertex formula x = -b/(2a)

Theorems

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Suitable Grade Level

Grades 10-12