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

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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