Math Problem Statement

A company finds that it can make a profit of P dollars each month by selling x patterns, according to the formula P (x) = - 002x + 3.5x - 1300.. How many patterns must it sell each month to have a maximum profit?

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Quadratic Functions
Maxima and Minima

Formulas

Vertex formula for a quadratic function x = -b / (2a)

Theorems

Properties of quadratic functions
Vertex of a parabola

Suitable Grade Level

Grades 9-11