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A manufacturer can sell 'x' items at a p...

A manufacturer can sell 'x' items at a price of Rs `(250-x)` each. The cost of producing 'x' items is Rs `(x^(2)-50x+12)`. Determine the number of items to be sold so that he can make maximum profit.

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To determine the number of items to be sold for maximum profit, we will follow these steps: ### Step 1: Define the Selling Price and Cost The selling price per item is given by: \[ \text{Selling Price} = 250 - x \] Thus, the total selling price for \(x\) items is: \[ \text{Total Selling Price} = x(250 - x) = 250x - x^2 \] The cost of producing \(x\) items is given by: \[ \text{Cost} = x^2 - 50x + 12 \] ### Step 2: Define the Profit Function Profit is defined as the total selling price minus the total cost: \[ \text{Profit} = \text{Total Selling Price} - \text{Cost} \] Substituting the expressions we found: \[ \text{Profit} = (250x - x^2) - (x^2 - 50x + 12) \] Simplifying this: \[ \text{Profit} = 250x - x^2 - x^2 + 50x - 12 \] \[ \text{Profit} = -2x^2 + 300x - 12 \] ### Step 3: Differentiate the Profit Function To find the maximum profit, we need to differentiate the profit function with respect to \(x\): \[ \frac{dP}{dx} = -4x + 300 \] ### Step 4: Set the Derivative to Zero To find the critical points, set the derivative equal to zero: \[ -4x + 300 = 0 \] Solving for \(x\): \[ 4x = 300 \implies x = 75 \] ### Step 5: Verify Maximum Profit To confirm that this critical point is a maximum, we will take the second derivative of the profit function: \[ \frac{d^2P}{dx^2} = -4 \] Since the second derivative is negative, this indicates that the profit function is concave down, confirming that \(x = 75\) gives a maximum profit. ### Conclusion The number of items that should be sold to maximize profit is: \[ \boxed{75} \]
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Knowledge Check

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