Question 15 Marks
Gymnast Clothing manufactures expensive hockey jerseys for sale to college bookstores in runs of up to $1 5 0$. Its cost (in rupees) for a run of $x$ hockey jerseys is
$C(x)=1500+10 x+0.2 x^2,(0 \leq x \leq 150)$
(a) Gymnast Clothing sells the jerseys at ₹ 90 eac. Find the revenue function
(b) Find the profit function
(c) How many should Gymnast Clothing manufacture to make a profit ? (ROund your answer up to the nearest whole number)
$C(x)=1500+10 x+0.2 x^2,(0 \leq x \leq 150)$
(a) Gymnast Clothing sells the jerseys at ₹ 90 eac. Find the revenue function
(b) Find the profit function
(c) How many should Gymnast Clothing manufacture to make a profit ? (ROund your answer up to the nearest whole number)
Answer
View full question & answer→(a) Since the manufacturer sells the jerseys for ₹ 90 each. the revenue function is
$R(x)=90 x$
(b) Profit is defined to be revenue minus cost, so the profit function is
$P(x)=R(x)-C(x)$
$=90 x-\left(1500+10 x+0.2 x^2\right)$
$=-1500+80 x-0.2 x^2$
(c) In order to make a profit, $P(x)$ must be greater than zero. So, to find how many jerseys we need to make in order to make a profit, we should find the breakeven point. So, we put $P(x)=0$, i.e.,
$-0.2 x^2+80 x-1500=0$
$x=\frac{-80 \pm \sqrt{80^2-4(-0.2)(-1500)}}{2(-0.2)}$
This simplifies to $x=19.7$ or $x=380.2$, but since the problem specifies that the domain is between $x=0$ and $x=150$, we can reject the larger answer. Rounding the other answer up, we get $x=20$. So, if we make 20 jerseys, we will make a profit.
$R(x)=90 x$
(b) Profit is defined to be revenue minus cost, so the profit function is
$P(x)=R(x)-C(x)$
$=90 x-\left(1500+10 x+0.2 x^2\right)$
$=-1500+80 x-0.2 x^2$
(c) In order to make a profit, $P(x)$ must be greater than zero. So, to find how many jerseys we need to make in order to make a profit, we should find the breakeven point. So, we put $P(x)=0$, i.e.,
$-0.2 x^2+80 x-1500=0$
$x=\frac{-80 \pm \sqrt{80^2-4(-0.2)(-1500)}}{2(-0.2)}$
This simplifies to $x=19.7$ or $x=380.2$, but since the problem specifies that the domain is between $x=0$ and $x=150$, we can reject the larger answer. Rounding the other answer up, we get $x=20$. So, if we make 20 jerseys, we will make a profit.






