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= -16x^2 + 124x + 110

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Quadratic Functions
Optimization

Formulas

Vertex formula: x = -b / 2a
Quadratic function: y = ax^2 + bx + c

Theorems

Vertex Theorem for Quadratic Functions

Suitable Grade Level

Grades 9-12