Cost and Revenue Functions in Business
Cost and Revenue Functions in Business
A factory that manufactures audio tapes estimates that the cost C (in dollars) to produce x tapes is
given by the function:
C = 20x + 100
a) Calculate the cost of producing 50 units.
b) If the cost is U$ 1,900. How many units were produced?
It has been discovered that the pollution levels (y) in the first 6 months of the year 2005 have
varies according to the function, y = -x2+6x, where x represents the expected month.
a) Determine the month in which the level of pollution was highest.
According to the information, in which month was there no pollution.
c) Represent the situation presented.
A market research company estimates that n months after the introduction of a new
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product, f(n) thousands of families will use it, where, f(n)= n (12 - n ) 0≤n≤12
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a) Represents.
b) Estimate the maximum number of families that will use the product.
The stock market quotation of the company's shares is expected to continue in 2008, approximately the
next evolution, f(t)=342+39t−3t2, where t is the time in months.
a) Draw the graph of f.
b) In which month does it reach the highest quotation? Calculate the percentage of benefits that there will be.
obtained.
A merchant determines the following equation to calculate the selling price of the items that
sells: PV= 1,475· PCin which PVrepresents the selling price and PCthe cost price.
a) Determine the Selling Price of an item that he bought for $1,600
b) Determine the cost of an item that was sold for $7.965
c) Determine the profit percentage of this trader
The postage of a correspondence sent by mail varies according to its weight. For every 10
For grams, $20 is charged, with a fixed starting value of $50.
a) Formulate the equation that relates price and weight.
b) Determine the necessary postage for a letter weighing 75 grams.
c) If Gabriel was charged $400 for shipping a letter, how many grams was the letter?
sent?
11) In a store, they hire a student, considering a base salary of $90,000 and for each
$100,000 in sales, he receives $5,000.
a) Formulate the corresponding equation, considering the variables sales and salary.
b) Represent the relationship.
c) If the student needs $120,000 for room rental with meals and for university payment
$85,000 plus $45,000 for expenses, how much should be sold in the month.
12) The profits of a certain casino regarding spending on salaries and taxes are represented by the
next equation y=3x+700, where:
X will represent the expenditure on salaries and taxes in thousands of dollars.
And the casino's profit in thousands of dollars.
a) Represent.
b) If the spending this month was U$ 35,000, the profit will be:
c) If next month the profit is U$ 42,700, what was the expense.
On a sales day, the shirt sales of a large shopping center follow the law:
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n=260− p(1.500≤p≤7.000). Determine what price generates the maximum income (note: I = np, is
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1 2
sayI=260p− p ).
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A accounting study conducted in a certain clinic indicated that the cost of
surgical interventions depended on the number of supplies used and that the relationship was given by
according to the function: C(x) = x2-50x + 8000. Determine the minimum cost per interventions
surgical supplies and the number of supplies at a cost of 7400 currency units for interventions.
15) The profit of a producer (in dollars) is given by the function G ( x) = 600x - x2, where x are
tens of units of raw materials.
a) What is the profit if 200 units of raw material are used?
b) For how many units of raw material will the profit be U$80,000?
c) What will be your maximum profit?
Applied Mathematics to Social Sciences I 1
FUNCTIONS: APPLICATIONS
1. Calculate using linear interpolation the missing values in the following table:
x 47 59 112
y 18 37 50
[Link] electricity bill for a family has risen in November to €95 for 375 kWh.
consumption, and in January at €130.4 for 552kWh. How much will they have to pay if they consume 420kWh?
[Link] price of a commuter ticket depends linearly on the kilometers traveled. For
For 57 km I have paid €2.85 and for 168 km, €13.4. What is the ticket price for a distance of
100km?
4. The gasoline consumption per 100km of a vehicle depends linearly on its speed, according to the
data from the following table:
Speed (km/h) x 90 110
Consumption (L) y 6.8 8.6
It is requested:
a) The speed function (x) - consumption (y).
b) What will be the gasoline consumption at a speed of 160 km/h?
c) What speed is the vehicle traveling if the gasoline consumption is 5.54L?
5.A rectangle has a perimeter of 20cm. Write the function that relates its area to its base x. What
What is the domain of the function?
[Link] selling price of an item is given by p(x) = 12 - 0.01x, where x is the number of items.
manufactured by me, their price in hundreds of euros.
a) If 500 items are manufactured and sold, what will the revenue be?
b) Analytical expression of the function number of articles - income.
c) How many items should be manufactured for income to be maximized?
[Link] production cost of units of a product is defined by the function
C(x)=(1/4)x2+35x + 25€ and the selling price of a unit esp(x) = 50 - x/4 €.
a) Write the profit function if all produced units are sold.
b) Calculate the profit if 20 units have been sold.
c) Find the number of units that must be sold for the profit to be maximum.
[Link] electrician charges €20 for travel and €15 for each hour of work. Another electrician, who does not
Cobra displacement, works at a rate of €25/hour for the first three hours, to lower its rate.
later, until it is set at 13€/h.
a) Represent the functions number of hours worked - rate on the same graph.
b) Write the analytical expression of both functions.
c) If the workday is at most 10 hours, indicate for which time intervals the
the first electrician is cheaper than the second.
[Link] water bill from a certain company in a city consists of the following items
next:
Service fee (fixed amount independent of consumption).....................€8.
Consumption quota:
First block (from 0 to 20m)30.4€/m3.
Second block (from 20 to 40m)30.5€/m3.
Third block ( more than 40m30.6€/m3.
a) Graphically represent the function consumption(x) - amount(y).
b) Find the analytical expression of the previous function.
c) Calculate the amount of the bill if 46m have been consumed.3of water.
d) If the receipt amounts to €27.80, how many m3Have they been consumed?