Susan makes and sells purses. The purses cost her $15 each to make, and she sells them for $30 each.

Discussion in 'Calculator Requests' started by math_celebrity, Sep 18, 2020.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    Susan makes and sells purses. The purses cost her $15 each to make, and she sells them for $30 each. This Saturday, she is renting a booth at a craft fair for $50. Write an equation that can be used to find the number of purses Susan must sell to make a profit of $295

    Set up the cost function C(p) where p is the number of purses:
    C(p) = Cost per purse * p + Booth Rental
    C(p) = 15p + 50

    Set up the revenue function R(p) where p is the number of purses:
    R(p) = Sale price * p
    R(p) = 30p

    Set up the profit function which is R(p) - C(p) equal to 295
    30p - (15p + 50) = 295

    To solve this equation, we type it into our search engine and we get:
    p = 23
     

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