Math Problem Statement
A company sells widgets. The amount of profit, y, made by the company, is related to the selling price of each widget, x, by the given equation. Using this equation, find out the maximum amount of profit the company can make, to the nearest dollar. y, equals, minus, x, squared, plus, 75, x, minus, 636 y=−x 2 +75x−636
Solution
The given profit equation is:
This is a quadratic equation of the form , where , , and .
Finding the maximum profit:
Since the coefficient of is negative (), the parabola opens downwards, meaning there is a maximum point (vertex).
The formula to find the -coordinate of the vertex of a parabola is:
Substitute and :
Now that we have the -coordinate of the vertex, we can substitute into the original equation to find the maximum profit:
Let's compute this.The maximum profit the company can make is approximately $770.
Would you like further details or have any questions? Here are some related questions:
- How do changes in the coefficients of a quadratic equation affect its graph?
- What is the significance of the vertex in a quadratic function in terms of real-world applications?
- How do we interpret the maximum or minimum point in a quadratic profit model?
- Can there be cases where a company doesn't make any profit according to such models?
- What is the relationship between the vertex and axis of symmetry in parabolas?
Tip: The vertex formula is essential for finding maximum or minimum values in quadratic functions!
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Math Problem Analysis
Mathematical Concepts
Algebra
Quadratic Equations
Profit Maximization
Formulas
Quadratic equation: y = ax^2 + bx + c
Vertex formula: x = -b / (2a)
Theorems
Quadratic function vertex theorem
Suitable Grade Level
Grades 9-12
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