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Question

(B) Let $R(x)$ be the revenue function and $C(x)$ be the cost function. Revenue $R(x) = x 	imes \left(5 - \frac{x}{100}ight) = 5x - \frac{x^2}{100}

Vedclass · Accepted Answer

$240$

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(B) Let $R(x)$ be the revenue function and $C(x)$ be the cost function. Revenue $R(x) = x 	imes \left(5 - \frac{x}{100}ight) = 5x - \frac{x^2}{100}$. Profit function $P(x) = R(x) - C(x) = \left(5x - \frac{x^2}{100}ight) - \left(\frac{x}{5} + 500ight)$. $P(x) = 5x - \frac{x^2}{100} - \frac{x}{5} - 500 = 4.8x - \frac{x^2}{100} - 500$. To find the maximum profit,we find the derivative $P'(x)$ and set it to $0$. $P'(x) = 4.8 - \frac{2x}{100} = 4.8 - \frac{x}{50}$. Setting $P'(x) = 0$,we get $4.8 = \frac{x}{50}$,which implies $x = 4.8 	imes 50 = 240$. To verify,we check the second derivative $P''(x) = -\frac{1}{50}$. Since $P''(x) < 0$,the profit is maximum at $x = 240$.

$A$ manufacturer can sell $x$ items at a price of rupees $\left(5 - \frac{x}{100}\right)$ each. The cost price of $x$ items is Rs. $\left(\frac{x}{5} + 500\right)$. The number of items that the manufacturer should sell to earn the maximum profit is

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