Question

The amount of profit, p, you earn by selling knives, k, can be determined by: p=200k-500. a) Determine the constraints on profit and the constraints on the number of knives sold. b) What happens to your profit as you sell more knives? c) Is it possible to make a $14000 profit?

Answer 1

Given:

P = 200k - 500

A) To determine the constraints on profit and the value of the number of knives sold, k, let P = 0

P = 200k - 500
0 = 200k - 500

solve for k,

k = 2.5 knives or 3 knives