Problem 30
Question
PROFIT Kara is planning to set up a booth at a local festival to sell her paintings. She determines that the amount of profit she will make is determined by the function \(P(x)=11 x-100\) , where \(x\) is the number of paintings she sells. How much profit will Kara make if she sells 35 of her paintings?
Step-by-Step Solution
Verified Answer
Kara will make a profit of $285 if she sells 35 paintings.
1Step 1: Identify the Function
The profit function is given as \(P(x) = 11x - 100\), where \(x\) is the number of paintings sold.
2Step 2: Substitute the Number of Paintings
Kara plans to sell 35 paintings, so substitute \(x = 35\) into the profit function: \(P(35) = 11(35) - 100\).
3Step 3: Calculate the Product
First, compute the product of 11 and 35: \(11 \times 35 = 385\).
4Step 4: Apply the Expression
Substitute the product back into the profit function: \(P(35) = 385 - 100\).
5Step 5: Final Calculation
Subtract 100 from 385 to find the profit: \(385 - 100 = 285\).
Key Concepts
Profit CalculationSubstitution in FunctionsStep-by-Step Problem SolvingBasic Arithmetic Operations
Profit Calculation
Understanding profit calculation is essential for anyone involved in business or sales. Profit is the monetary gain obtained when revenues exceed the costs associated with producing or purchasing the product. In Kara's scenario, she's selling paintings and wants to determine how much money she will earn after covering all expenses related to her stall. The profit function given, \(P(x) = 11x - 100\), is a linear function that helps calculate profit based on the number of paintings sold, \(x\).
- The expression \(11x\) represents the money earned from selling \(x\) paintings, where each painting is sold for $11.
- The term \(-100\) is the fixed cost associated with her set-up at the festival.
Substitution in Functions
Substitution in functions is a straightforward yet powerful tool in algebra to find specific values of the function. It involves replacing the variable in a function with a given number to calculate the function's value. In Kara's case, she wants to determine her profit when selling a particular number of paintings. To predict the exact profit:
- Start with the function \(P(x) = 11x - 100\).
- Substitute \(x\) with \(35\) because Kara plans to sell 35 paintings.
- This gives the equation \(P(35) = 11(35) - 100\).
Step-by-Step Problem Solving
Approaching problems with a step-by-step method simplifies complex tasks into manageable chunks. This approach is particularly helpful in math to avoid mistakes and ensure clarity. Let's breakdown the problem-solving process demonstrated in Kara's exercise:
- **Step 1:** Identify the function that needs evaluation. In this case, it is \(P(x) = 11x - 100\).
- **Step 2:** Substitute the known value into the function, which is \(x = 35\).
- **Step 3:** Compute any arithmetic within the function, like multiplication or addition.
- **Step 4:** Apply results back into the original function and solve for the final answer.
Basic Arithmetic Operations
Basic arithmetic operations such as addition, subtraction, multiplication, and division form the foundation of mathematical problem solving. These operations are widely used in everyday scenarios like budgeting, shopping, and even in Kara’s profit calculation. Here’s how they apply:
- **Multiplication:** Kara multiplies 11 by 35, as represented by \(11 \times 35 = 385\), to calculate the total earnings from sales.
- **Subtraction:** After finding the product, Kara subtracts the fixed cost of \(-100\) from the total earnings to determine the actual profit: \(385 - 100 = 285\).
Other exercises in this chapter
Problem 29
Graph each relation or equation and find the domain and range. Then determine whether the relation or equation is a function and state whether it is discrete or
View solution Problem 30
Graph each inequality. $$ y \geq \frac{1}{2} x-5 $$
View solution Problem 30
Ice forms at a temperature of \(0^{\circ} \mathrm{C},\) which corresponds to a temperature of \(32^{\circ} \mathrm{F}\). A temperature of \(100^{\circ} \mathrm{
View solution Problem 30
Graph the line that satisfies each set of conditions. passes through \((-2,2),\) parallel to a line whose slope is \(-1\)
View solution