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
Ask a new question for Free
By Image
Drop file here or Click Here to upload
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
Related Recommendation
Maximizing Profit Using Quadratic Equations: y = -7x^2 + 584x - 5454
Maximizing Profit with a Quadratic Equation: y = −x^2 + 75x − 636
Maximizing Profit Using a Quadratic Equation for Widgets
Finding Maximum Profit Using Quadratic Functions: Profit Formula P(x) = -0.002x^2 + 3.5x - 1300
Maximizing Profit Using Quadratic Equations: -6x^2 + 319x - 2460