Math Problem Statement
Solution
The problem provided is a quadratic word problem, and the equation given is:
This is a quadratic equation in the standard form , where:
Finding the Maximum Profit
Since the quadratic term has a negative coefficient, the parabola opens downward, meaning it has a maximum point at the vertex. The formula to find the x-coordinate of the vertex for a quadratic equation is:
Substituting the values of and :
Now that we have , we can substitute this value back into the original equation to find the corresponding maximum profit :
Let's calculate this value to determine the maximum profit.The maximum profit the company can make is approximately $770, rounded to the nearest dollar.
Would you like more details or further clarification?
Here are 5 related questions to consider:
- How do you find the vertex of a quadratic equation graphically?
- What does it mean for a parabola to "open downwards" in terms of its maximum or minimum value?
- How can you identify if a quadratic equation has a maximum or minimum value just by looking at the equation?
- What is the significance of the coefficients , , and in a quadratic equation?
- How does the discriminant of a quadratic equation relate to its solutions?
Tip: The x-value of the vertex in a quadratic equation represents the point where the maximum or minimum occurs, depending on the direction of the parabola.
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Math Problem Analysis
Mathematical Concepts
Algebra
Quadratic Equations
Profit Maximization
Formulas
Standard form of quadratic equation: y = ax^2 + bx + c
Vertex formula for maximum/minimum: x = -b/(2a)
Theorems
Quadratic formula
Vertex theorem
Suitable Grade Level
Grades 9-12