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 = -x^2 + 75x - 636

Solution

The problem provided is a quadratic word problem, and the equation given is:

y=x2+75x636y = -x^2 + 75x - 636

This is a quadratic equation in the standard form y=ax2+bx+cy = ax^2 + bx + c, where:

  • a=1a = -1
  • b=75b = 75
  • c=636c = -636

Finding the Maximum Profit

Since the quadratic term x2-x^2 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 ax2+bx+cax^2 + bx + c is:

x=b2ax = -\frac{b}{2a}

Substituting the values of aa and bb:

x=752(1)=752=37.5x = -\frac{75}{2(-1)} = \frac{75}{2} = 37.5

Now that we have x=37.5x = 37.5, we can substitute this value back into the original equation to find the corresponding maximum profit yy:

y=(37.5)2+75(37.5)636y = -(37.5)^2 + 75(37.5) - 636

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:

  1. How do you find the vertex of a quadratic equation graphically?
  2. What does it mean for a parabola to "open downwards" in terms of its maximum or minimum value?
  3. How can you identify if a quadratic equation has a maximum or minimum value just by looking at the equation?
  4. What is the significance of the coefficients aa, bb, and cc in a quadratic equation?
  5. 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