Math Problem Statement
Solve 1-2.7,9-10
Solution
Sure, I'll solve problems 1, 2, 7, 9, and 10 from the uploaded image.
Problem 1: Profit
Given:
- Unit selling price: $20
- Unit cost: $15
- Fixed costs: $600,000
Solution: Let be the number of units that must be sold to make a profit.
Profit occurs when total revenue > total cost:
Simplifying:
Answer: The least number of units that must be sold for the company to have a profit is 120,001.
Problem 2: Profit
Given:
- Cost of material per unit: $2.50
- Cost of labor per unit: $4
- Fixed cost: $5000
- Wholesale price per unit: $7.40
Solution: Let be the number of units that must be sold to make a profit.
Total cost per unit = cost of material + cost of labor:
Profit occurs when total revenue > total cost:
Simplifying:
Answer: The least number of units that must be sold to make a profit is 5556.
Problem 7: Investment
Given:
- Total amount to invest: $30,000
- Annual interest rates: 5% and %
- Minimum yield: 6.5%
Solution: Let be the amount invested at 5%, and be the amount invested at %.
Simplifying the second equation:
From :
Substituting into the second equation:
Therefore:
Answer: The company must invest $4285.71 at 5% and $25,714.29 at % to achieve the minimum yield.
Problem 9: Sales Allocation
Given:
- Initial product units: 2500
- Initial price: $4 per unit
- Price increase next month: $0.50 per unit
- Total revenue target: at least $10,750
Solution: Let be the number of units sold this month.
Revenue from sales this month:
Revenue from remaining units sold next month:
Total revenue:
Simplifying:
Answer: The maximum number of units that can be sold this month is 1000.
Problem 10: Revenue
Given:
- Price function:
- Revenue function:
Solution: To find the minimum number of units such that revenue is no less than $9000:
Answer: The minimum number of units that must be sold is 2934.
Would you like details or have any questions about these solutions? Here are some additional questions you might be interested in:
- How to solve quadratic equations?
- What are the applications of derivatives in real life?
- How do you integrate a function using substitution?
- What is the geometric interpretation of eigenvalues and eigenvectors?
- How do you find the inverse of a matrix?
Tip: When solving word problems, carefully define your variables and set up equations based on the relationships described in the problem. This will help in systematically solving for the unknowns.
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Math Problem Analysis
Mathematical Concepts
Profit Analysis
Investment Strategies
Sales Allocation
Revenue Functions
Formulas
Profit calculation formulas
Investment allocation formulas
Revenue calculation formulas
Theorems
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Suitable Grade Level
Advanced High School or College
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