Results 1 to 2 of 2

Math Help - Tricky Word Problem

  1. #1
    Junior Member
    Joined
    Jan 2009
    Posts
    54

    Post Tricky Word Problem

    Dear Forum I am having issues with the following word problem any help would be much appreciated

    (13) A charter bus company has determined that the cost of providing x people a tour is
    C(x) = 180.00 + 2.50 x.
    A full tour is 60 people. The cost of a ticket is $15.00 plus $0.25 for each unsold ticket. Determine (a) the revenue function, (b) the profit function, (c) the company’s maximum profit, and (d) the number of ticket sales that yields the maximum profit.

    Follow Math Help Forum on Facebook and Google+

  2. #2
    Member
    Joined
    May 2006
    Posts
    244
    Quote Originally Posted by AlgebraicallyChallenged View Post
    Dear Forum I am having issues with the following word problem any help would be much appreciated

    (13) A charter bus company has determined that the cost of providing x people a tour is


    C(x) = 180.00 + 2.50 x.



    A full tour is 60 people. The cost of a ticket is $15.00 plus $0.25 for each unsold ticket. Determine (a) the revenue function, (b) the profit function, (c) the company’s maximum profit, and (d) the number of ticket sales that yields the maximum profit.
    a) The revenue function gives the revenue when x tickets are sold:

    R(x)=[15+(60-x)\times 0.25]x

    That is the price of a single ticket is \$[15 +(60-x) \times 0.25] when x tickets are sold.

    b) The profit function is:

     <br />
P(x)=R(x)-C(x)<br />

    .
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Tricky Word Problem
    Posted in the Calculus Forum
    Replies: 3
    Last Post: June 1st 2010, 01:54 PM
  2. Tricky word problem
    Posted in the Advanced Math Topics Forum
    Replies: 8
    Last Post: January 27th 2010, 07:38 PM
  3. tricky word problem...
    Posted in the Calculus Forum
    Replies: 1
    Last Post: December 17th 2009, 09:11 PM
  4. Tricky word problem..
    Posted in the Algebra Forum
    Replies: 1
    Last Post: April 8th 2008, 09:55 PM
  5. Tricky word problem
    Posted in the Algebra Forum
    Replies: 6
    Last Post: July 11th 2007, 06:49 PM

Search Tags


/mathhelpforum @mathhelpforum