Home
Class 12
MATHS
The profit, in dollars of a company is...

The profit, in dollars of a company is determined by the following equation : `P = 50.5 xx N - 210.5` , where 'p' represents the profit of the company and 'N' represents number of units manufactured by company. when will the company got the profit?

A

When the number of units manufactured is 2

B

When the number of units manufactured is 3

C

When the number of units manufactured is 4

D

When the number of units manufatured is 6

Text Solution

AI Generated Solution

The correct Answer is:
To determine when the company will make a profit based on the given profit equation \( P = 50.5N - 210.5 \), we need to find the values of \( N \) (the number of units manufactured) that result in a positive profit \( P \). ### Step-by-Step Solution: 1. **Set up the inequality for profit**: The company will make a profit when \( P > 0 \). Therefore, we set up the inequality: \[ 50.5N - 210.5 > 0 \] **Hint**: Remember that profit is positive when the profit equation is greater than zero. 2. **Rearrange the inequality**: To isolate \( N \), we can add \( 210.5 \) to both sides of the inequality: \[ 50.5N > 210.5 \] **Hint**: When moving terms across the inequality, ensure you maintain the direction of the inequality. 3. **Solve for \( N \)**: Next, divide both sides by \( 50.5 \) to solve for \( N \): \[ N > \frac{210.5}{50.5} \] **Hint**: When dividing by a positive number, the inequality remains unchanged. 4. **Calculate the right-hand side**: Now, we perform the division: \[ N > 4.1683 \] **Hint**: Use a calculator to ensure accuracy when performing division. 5. **Interpret the result**: This means that the company will start making a profit when the number of units manufactured \( N \) is greater than approximately \( 4.1683 \). Since \( N \) must be a whole number (you can't manufacture a fraction of a unit), the smallest integer value for \( N \) that satisfies this inequality is \( 5 \). **Hint**: Always round up to the nearest whole number when dealing with quantities that cannot be fractional. ### Conclusion: The company will make a profit when the number of units manufactured \( N \) is greater than \( 4.1683 \). Therefore, \( N \) must be at least \( 5 \) or more.
Promotional Banner

Topper's Solved these Questions

  • MATH PRACTICE TEST

    ENGLISH SAT|Exercise SECTION -2|38 Videos
  • LINEAR FUNCTIONS

    ENGLISH SAT|Exercise EXERCISES|7 Videos
  • MATRICES

    ENGLISH SAT|Exercise EXERCISES|12 Videos

Similar Questions

Explore conceptually related problems

The profut of a company is determined by the following equation : P = 50.2 xx N - 236.8 , where 'P' represents the profit of the company and 'N' represents number of units manufactured by the company. What is the minimum number of units produced so as to have no loss incurred ?

The cost, in dollars, of producing tires by a manufacturing firm is determined by the following equation : C = 120 + 90 xx W + 78 xx N , where 'C' represents the cost incurred , 'W' represents the number of workers, 'N' represents the number of units produced. If 10 units have to be produced, what is the maximum number of workers that can be employed so that the total cost doesn't exceed $2700?

The breakdown of sample of chemical compound is represented by the function p(t)=300((1)/(2))^(t) , where p(t) represents the number of milligrams of the substance, and t represents the time , in years. If t=0 represents the year 2015, what will be the first year in which the amount of the substance remaining falls to cless than 5 milligrams?

Identify the Mg^(2+) ion from the figure where, n and p represent the number of neutrons and protons respectively.

The breakdown of a sample of a chemical compounds is represented by the function p(n)=300(0.5)^(n) , where p(n) represents the number of millligrams of the substance that remains at the end of n years. Which of the following is true? I. 300 represents the number of milligrams of the substance that remains after the first year. II. 0.5 represents the fraction of the starting amount by which the substance gets reduced by the end of each year. III. Each year the substance gets reduced by one-half of 300.

A company produces two types of items, and Q. Manufacturing of both items requires the metals gold and copper. Each unit of item P requires 3 gm of gold and 1 gm of copper while that of item Q requires 1 gm of gold and 2 gm of copper. The company has 9 gm of gold and 8 gm of copper in its store. If each unit of item P makes a profit of Rs 50 and each unit of item O makes a profit of 60, determine the number of units of each item that the company should produce to maximize profit. What is the maximum profit?

A company produces two types of good, A and B, that require gold and silver. Each unit of type A requires 3 gm of silver and 1 gm of gold while that of type B requires 1 gm of silver and 2 gm of gold. The company can produce 9 gm of silver and 8 gm of gold. If each unit of type A brings a profit of Rs. 40 and that of type B Rs. 50, find the number of units of each type that the company should produce to maximize the profit. What is the maximum profit?

A start-up company opened with 8 employees. The company’s growth plan assumes that 2 new employees will be hired each quarter (every 3 months) for the first 5 years. If an equation is written in the form y = ax + b to represent the number of employees, y, employed by the company x quarters after the company opened, what is the value of b ?

In a factory, the number of units manufactured in a month follows the linear function N = 231D, where N is the number of units produced in the month and D is the number of days elapsed in the month. Which of the following represents 231 in the above equation?

The drama department at a middle school wants to determine the price to charge for tickets to a show . If the price is too low, there won't be enough money to cover expenses. If its too high, they may not get a big enough audience. The teacher estimates that the profit, P, in dollars per show, can be represented by P=-(t-12)^2+100 , where t is the price of a ticket in dollars . When the profit is 0, the drama department breaks even . What is the lowest ticket price for which the department breaks even ?

ENGLISH SAT-MATH PRACTICE TEST -SECTION -2
  1. f(x) = (5-x^(p))^((1)/(2)) . If the value of f(f(2)) = 2 , what is t...

    Text Solution

    |

  2. Joe, a fruit vendor , sold 3 apples, 4 oranges and 6 bananas to a c...

    Text Solution

    |

  3. The profit, in dollars of a company is determined by the following ...

    Text Solution

    |

  4. In a field trip organized by a school for the 6th grade students , ...

    Text Solution

    |

  5. f(x) = 2^(x) + 1 and g(x) = x^(3) - (x)/(2) + 2.At which of the poin...

    Text Solution

    |

  6. Amazon.com offers successive discounts of 30% and 20% on laptops. Its...

    Text Solution

    |

  7. If (1)/(x) + (1)/(y) = 2 and (3)/(x) + (4)/(y) = 7 , what is the va...

    Text Solution

    |

  8. The following graph shows the breakup of the type of employees...

    Text Solution

    |

  9. The following graph shows the breakup of the type of employees...

    Text Solution

    |

  10. A man buys a apples and g oranges , each costing 80 cents and 6...

    Text Solution

    |

  11. Which of the following could be the equation of the graph shown abo...

    Text Solution

    |

  12. What is the value of {((a+b)^(2) - (a^(2) +b^(2)))/((a+b)^(2) - (a-b...

    Text Solution

    |

  13. The first term of a sequence is (1)/(2) and the second term is (1)/(4...

    Text Solution

    |

  14. Given that the equation (3x + 2)k + 5 = 12x + 7 m has infinte sol...

    Text Solution

    |

  15. A line makes a postitive X - intercept and a negative Y - inter...

    Text Solution

    |

  16. The averge of x and 3y is 12, the average of 2x and 3z is 21. What ...

    Text Solution

    |

  17. The equations (a-3)x + 3y = 12 and 4x+(a -2y) = k have infinitely...

    Text Solution

    |

  18. Two tangents are draw from a point P, 40 units from the centre o...

    Text Solution

    |

  19. A vendor has two containers containing milk and water solutions ...

    Text Solution

    |

  20. The heights of the 10^(th) grade students of Manhattam Public Schoo...

    Text Solution

    |