Math Problem Statement
Solution
To find the maximum profit for the bike company, we first need to determine the profit function , which is the difference between the revenue and the cost . Given:
The profit function is:
Simplifying this, we get:
To find the maximum profit, we need to find the vertex of the parabola represented by . The -coordinate of the vertex (and thus the number of bikes sold for maximum profit) can be found using the formula , where and are the coefficients from the quadratic term and the linear term of respectively.
Here, and , so:
Since the number of bikes sold, , must be an integer, we will evaluate the profit at and to determine which gives a higher profit.
Calculating :
Calculating :
We will now compute these values.
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Math Problem Analysis
Mathematical Concepts
Revenue
Cost Function
Profit Function
Quadratic Equation
Optimization
Formulas
Profit: P(x) = R(x) - C(x)
Quadratic Vertex: x = -b / 2a
Theorems
Vertex formula for finding the maximum of a quadratic function
Suitable Grade Level
High School (Grades 10-12)
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