Question

The director of the Blue Rose club must decide what to charge for a ticket to the club’s performance of The Music Man. If the price is set too low, the club will lose money; and if the price is too high, people won’t come. From past experience she estimates that the profit P from sales (in hundreds) can be approximated by
() = −^2 + 22 − 40 0 ≤ ≤ 25 where x is the cost of a ticket in thousand rupees.
(i) What is the lowest cost of a ticket that would allow the club to break even.
(a) Rs 3000 (b) Rs 4000 (c) Rs 2000 (d) Rs 1000
(ii) What is the highest cost that the club can charge to break even?
(a) Rs 16000 (b) Rs 14000 (c) Rs 4000 (d) Rs 20000
(iii)If club charge Rs 4000 for each ticket, what is the profit/loss?
(a) Loss Rs 16000 (b) Profit Rs 16000 (c) Loss Rs 32000 (d) Profit Rs 32000
(iv) If club charge Rs 25000 for each ticket, what is the profit/loss?
(a) Loss Rs 115000 (b) Profit Rs 85000 (c) Loss Rs 85000 (d) Profit Rs 115000
(v) What is the maximum profit which can be earned by club?
(a) Rs 40000 (b) Rs 81000 (c) Rs 61000 (d) Rs 42000

Answer 1

Answer:

1. c

2. d

3. c

4. d

5. b

Step-by-step explanation:

Accounting involves the measurement, processing and communication of financial information; Maintaining detailed financial records; preparation of tax documents; and tracking the economic resources of the accounting entity.

In practice, the principles of accounting are identical to the basic accounting concepts that students learn as part of their bachelor's and master's studies. Accountants, auditors and accountants working for publicly traded companies must follow a standardized set of rules – known as generally accepted accounting principles (GAAP) – set by the Financial Accounting Standards Board (FASB). These policies are as follows:

Principle of regularity — The organization's accounting follows GAAP standards.

Principle of consistency — The organization's accounting processes and standards are consistent.

Principle of Honesty — Organizational accounting provides accurate financial records.

Principle of consistency of methods — The organization's accounting procedures are consistent.

Principle of non-compensation — The overall performance of the organization is fully reported without assuming debt compensation.

Principle of prudence — Recorded accounting data are realistic and timely.

Going concern principle — The classification of short-term and long-term financial data is based on the assumption that the organization's business will continue.

Periodicity principle – accounting periods are consistent and routine.

Materiality Principle — The value of all assets is determined at cost and all financial reports are based on truth.

Principle of Utmost Good Faith — Everyone involved in the accounting process acts honestly.

Concept: In algebra, a quadratic is a compound equation that can be rearranged by the usual type, where x represents the unknown and a, b and c represent the best-known numbers, where a ≠ zero.

Given: A passage in which a situation is based on an equation.

Find: Answer the following questions according to the situation.

Solution:

$-x^2+22x-40=0\\x^2-22x+40=0\\x^2-20x-2x+40=0\\x(x-20)-2(x-20)=0\\(x-2)(x-20)=0\\x=2.20$

1. The lowest ticket price is Rs. 2000.

2. The highest ticket price is Rs. 20,000.

3. P(x)= $x^2-22x+40$

P(4)= 16-88+40

= 56-88

= -32

A loss of Rs. 32,000

4. P(25)= 625-550+40

= 665-550

= 115

Profit Rs 115,000

5. $x^2-2*x*11+(11)^2-(11)^2+40$

$x^2-22x+121-121+40$

(x-11)^2 +81

Maximum profit is Rs. 81,000.

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Answer 2

Answer:

1.middle term spilting

-x²+22x-40_______equation 1

now multiply by minus on both side

x²-22x+40

x²-20x-2x+40

x(x-20)-2(x-20)

(x-20)(x-2)

so.x=2,20

therefore ticket cot can be 2000 ,20000

2.the minimum cost of ticket is 2000

3.the maximum cost of ticket is 20000

4.simply put the value 4000 in equation 1 as 4

p(x)= x²-22x+40=0

p(4)= (4)²-22x4+40

= 16-88+40

= 56-88= -32

so if the cost of ticket will 4000 then it will be loss of 32000