the profit function p(x) for a company,selling x items per day is given p(x)=(150-x)x-1600
Find number of items company should sell for maximum profit.also find the maximum profit
Answers
Given : profit function p(x) for a company, selling x items per day is given p(x)=(150-x)x-1600
To Find : number of items company should sell for maximum profit
maximum profit
Solution:
p(x)=(150-x)x-1600
p'(x) = (150- x) + (-1)x - 0
=> p'(x) = 150- x - x
=> p'(x) = 150- 2x
p'(x) = 0
=> 150- 2x = 0
=> x = 75
p'(x) = 150- 2x
p''(x) = - 2 < 0
Hence maximum profit at x = 75
Profit = (150-x)x-1600
= (150 - 75)75 - 1600
= 4025
number of items company should sell for maximum profit = 75
maximum profit = 4025
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