Results 1 to 2 of 2

Math Help - revenue from manufacturing process

  1. #1
    Newbie
    Joined
    Apr 2010
    Posts
    10

    revenue from manufacturing process

    The revenue from a manufacturing process (in millions of dollars per year) is projected to follow the model
    R= 100 + .08t for ten years.
    Over the same period of time, the cost is projected to follow the model
    C= 60 + .2t (where t is time in years)
    What is the approximate profit over the 10 year period? And what steps do I take to find the answer?
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Master Of Puppets
    pickslides's Avatar
    Joined
    Sep 2008
    From
    Melbourne
    Posts
    5,236
    Thanks
    28
    Quote Originally Posted by lucky13 View Post
    The revenue from a manufacturing process (in millions of dollars per year) is projected to follow the model
    R= 100 + .08t for ten years.
    Over the same period of time, the cost is projected to follow the model
    C= 60 + .2t (where t is time in years)
    What is the approximate profit over the 10 year period? And what steps do I take to find the answer?

    P(t) = R(t)- C(t)

    P(t) = (100 + .08t) -(60 + .2t)

    Now find P(10)
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Replies: 6
    Last Post: January 11th 2012, 04:43 PM
  2. Computing the cost of manufacturing 20th unit
    Posted in the Pre-Calculus Forum
    Replies: 3
    Last Post: September 9th 2011, 05:07 AM
  3. Birth Process/Poisson Process
    Posted in the Advanced Statistics Forum
    Replies: 5
    Last Post: March 17th 2010, 07:27 AM
  4. Replies: 1
    Last Post: November 24th 2009, 01:43 PM
  5. Replies: 1
    Last Post: November 18th 2009, 08:16 PM

Search Tags


/mathhelpforum @mathhelpforum