Mathematics
itscrissxo
18

The price that a company charged for a basketball hoop is given by the equation 50-5x^2 where x is the number of hoops that are produced, in millions. It costs the company $30 to make each basketball hoop. The company recently reduced its production to 1 million hoops but maintained its profit of 15 million dollars. Approximately how many basketball hoops did the company previously produce to make the same profit?

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(1) Answers
richboy

Given: Profit : 15,000,000 Cost: 30 per basketball hoop production: 1 million hoops price: 50 - 5x² Profit = Sales - Cost 15,000,000 = sales - 30(1,000,000) 15,000,000 + 30,000,000 = sales 45,000,000 = sales 45,000,000 / 1,000,000 = 45 sales price.

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