Cost, Revenue, Profit
You decide to begin selling glow sticks at the local fairground. Your cost for each glow stick is $1.17 plus you have to pay a fixed weekly fee of $240 for the booth. Your plan is to sell each glow stick for $2.55.
Write an expression to represent your total costs for the week if you sell glow sticks.
Total Costs:
Write an expression to represent the revenue from the sale of glow sticks during the week.
Revenue:
Write an expression that represents the profit for selling glow sticks in a given week.
Profit:
How many glow sticks must you sell in order to make a positive profit?
In order to make a positive profit, you would have to sell Select an answer at least exactly at most glow sticks .
x = # of glow sticks
c = 240 + 1.17x
r = 2.55x
p = 2.55x - 240 - 1.17x
= 1.38x - 240
1.38x - 240 > 0
1.38x > 240
x > 173.91
174 glow sticks
x = # of glow sticks
c = 240 + 1.17x
r = 2.55x
p = 2.55x - 240 - 1.17x
= 1.38x - 240
1.38x - 240 > 0
1.38x > 240
x > 173.91
174 glow sticks