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
-
Suitable Grade Level
Grades 10-12
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