![connorgking](/avatars/37378.jpg)
connorgking
15.10.2020 •
Mathematics
An airline sells all the tickets for a certain route at the same price. If it charges 200 dollars per ticket it sells 10,000 tickets. For every 15 dollars the ticket price is reduced, an extra thousand tickets are sold. This if the tickets are sold for 185 dollars each then 11,000 tickets sell. It costs the airline 100 dollars to fly a person. (a) Express the total profit P in terms of the number n of tickets sold. (b) Express the total profit P in terms of the price p of one ticket.
Solved
Show answers
More tips
- S Style and Beauty How Are Eyelash Extensions Applied? All Your Questions Answered...
- F Family and Home Tender Care for Your Parquet: Is it Possible to Clean Parquet?...
- S Society and Politics Is It Fact or Fiction? Let s Talk About Anton Chekhov s Pseudonym...
- S Sport Playing Bowling: Rules and Advice for Novices...
- C Computers and Internet How to Properly Repartition a Hard Drive?...
- A Auto and Moto What Is the Cost of Customs Clearance for a Car in Russia?...
- L Leisure and Entertainment Should You Buy a Ceramic Knife?...
- C Computers and Internet How to easily and quickly disable Firebug in Gmail and Google Docs...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
Answers on questions: Mathematics
- M Mathematics Determine the area under the standard normal curve that lies between (a) upper z equals negative 0.48 and upper z equals 0.48, (b) upper z equals negative 2.84 and upper z...
- M Mathematics 5-4 -3 -2 -1 0 1 2 3 4 5 (1 point) + + + + -5 -4 -3 -2 -1 0 + 1 2 3 4 5 for the graphs shown above, find the following: a) write a compound inequality to describe the union...
- M Mathematics Determine whether the table represents a proportional relationship. if a proportional relationship exists, what is the constant ratio of y x ? a) yes; − 2 3 b) yes; − 5 3...
- M Mathematics The order of operation to evaluate these expressions show your working steps -7+81_50...
- M Mathematics John bought 2 sodas for $0.80 each. the model shows this situation. which equation shows how to find the total cost, in dollars and cents, of the sodas bought? a) 2 × 0.80...
- M Mathematics You are a quality control engineer and you are asked to analyze the lifetime (in hours) of an electronic component mass-produced by a corporation. management believes that...
- M Mathematics Evaluate the expression 3 4/5x − 2 1/2 for x = −5....
- M Mathematics For a transverse wave, the amplitude depends on the distance for ? to a crest or a trough...
- M Mathematics What is the square root of -45...
- M Mathematics Acrate contains 4 barrels of red herring. a barrel holds about 1000 herring. if each barrel weighs 320 pounds, how much do the barrels in the crate weigh in all?...
Ответ:
The function that gives the amount of profit at a given price and number
given are obtained from the relationship between the variables.
a) The profit in terms of the number of tickets sold, P = -0.015·n² + 250·n
(b) The profit in terms of ticket price, is P = -66.
·p² + 3000·p + 2,333,333.![\overline 3](/tpl/images/0806/8063/dfb4a.png)
Reasons:
Number of tickets sold at x = $200, is y = 10,000 tickets
Number of extra tickets sold for every $15 price reduction = 1,000 tickets
Number of tickets sold at $185 = 11,000
The cost to fly a person = $100
(a) The rate of change,
, of the number of ticket sold wit price is given as
follows;
The equation in slope and intercept form is therefore;
n - 11,000 = -66.
·(p - 185)
n = -66.
·p + 12,333.
+ 11,000 = -66.
·p + 23,333.![\overline 3](/tpl/images/0806/8063/dfb4a.png)
Number of tickets sold, n = -66.
·p + 23,333.![\overline 3](/tpl/images/0806/8063/dfb4a.png)
The revenue, R = n·x
Therefore;
The profit = Revenue - Cost
The cost = 100·n
![Profit, P = \dfrac{23,333.\overline {3} \cdot n- n^2}{66. \overline{6}} - 100 \cdot n = -0.015 \cdot n^2 + 250 \cdot n](/tpl/images/0806/8063/e2fef.png)
Total profit, P = -0.015·n² + 250·n(b) The total profit, P, in terms of the price p, for one ticket
Number of tickets sold, n = -66.
·p + 23,333.![\overline 3](/tpl/images/0806/8063/dfb4a.png)
The revenue, R = n·p
∴ R = -66.
·p² + 23,333.
·p
Cost = 100·n
∴ Cost = 100·(-66.
·p + 23,333.
)
Therefore, the profit is given as follows;
Profit = -66.
·p² + 23,333.
·p - (100·(-66.
·p + 23,333.
))
Therefore;
Total profit, P = -66.Learn more here:
link
Ответ:
We want to express the total profit in two different ways.
The answers are:
a) P(n) = n*[n - 23,333.3]*(-15/1,000) - n*100
b) P(p) = n(p)*p - n(p)*100 = [ (-1,000/15)*p + 23,333.3]*(p - 100)
The given information is:
If the ticket price is $200, they sell 10,000 tickets.If the ticket price decreases $15, they sell 1,000 tickets more.It costs $100 to fly a person, then the cost of each ticket is $100.a) We want to get the profit in terms of the number n of tickets sold.
The number of tickets sold depends on the price, we know that it is a linear relation like:
n(p) = a*p + b
where p is the price.
we know that:
n(200) = 10,000
n(185) = 11,000
If this is a linear relation, the slope is known:
a = -1,000/15$
Then the line is something like:
n(p) = (-1,000/15)*p + b
We know that if k = 200, then n = 10,000
Replacing that we have:
n(200) = 10,000 = (-1,000/15)*200 + b
10,000 + (1,000/15)*200 = b = 23,333.3
Then the number of tickets sold as a function of the price is:
n(p) = (-1,000/15)*p + 23,333.3
Then the revenue is given by the number of tickets sold times the price, this is:
r(n) = n*p
We can write k in terms of n as:
k = [n - 23,333.3]*(-15/1,000)
Then the revenue as a function of the number of tickets sold is:
r(n) = n*[n - 23,333.3]*(-15/1,000)
The profit is the difference between the revenue and the cost, then the profit function is:
P(n) = n*[n - 23,333.3]*(-15/1,000) - n*100
Where n*100 is the cost.
b) now we want to write the same equation, but this time as a function of the price.
now the revenue is:
r(p) = n*p = [ (-1,000/15)*p + 23,333.3]*p
Then the profit is:
P(p) = n(p)*p - n(p)*100 = [ (-1,000/15)*p + 23,333.3]*(p - 100)
If you want to learn more, you can read:
link
Ответ:
I'm assuming you want an equation with a slope of -5 that also passes through the point (1, -7).
An equation that fits this is
Hope this helps!