Raggs, Ltd., a clothing firm, determines that in order to sell x units, the price per suit must be p= 150 – 0.5x. It also determines that the total cost of producing x suits is given by C(x) = 4000 +0.25x.What is the maximum profit? (TYPE YOUR ANSWER IN AS A WHOLI NUMBER OR FRACTION OR DECIMAL ROUNDED TO 2 DECIMALS AS NEEDED! ONLY TYPE IN WHOLE NUMBER, FRACTION, OR DECIMAL! DO NOT PLACE ANY UN-NECESSARY SPACES IN YOUR ANSWER!)

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 106E
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Raggs, Ltd., a clothing firm, determines that in order to sell x units, the price per suit must be
p= 150 – 0.5x. It also determines that the total cost of producing x suits is given by
C(x) = 4000 +0.25x.What is the maximum profit? (TYPE YOUR ANSWER IN AS A WHOLE
NUMBER OR FRACTION OR DECIMAL ROUNDED TO 2 DECIMALS AS NEEDED! ONLY TYPE IN THE
WHOLE NUMBER, FRACTION, OR DECIMAL! DO NOT PLACE ANY UN-NECESSARY SPACES IN
YOUR ANSWER!)
Transcribed Image Text:Raggs, Ltd., a clothing firm, determines that in order to sell x units, the price per suit must be p= 150 – 0.5x. It also determines that the total cost of producing x suits is given by C(x) = 4000 +0.25x.What is the maximum profit? (TYPE YOUR ANSWER IN AS A WHOLE NUMBER OR FRACTION OR DECIMAL ROUNDED TO 2 DECIMALS AS NEEDED! ONLY TYPE IN THE WHOLE NUMBER, FRACTION, OR DECIMAL! DO NOT PLACE ANY UN-NECESSARY SPACES IN YOUR ANSWER!)
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