MATH SOLVE

3 months ago

Q:
# Jeremy and Justine work for a company that receives $45 for each unit of output sold. The company has a variable cost of $25 per item and a fixed cost of $1600.Based on this information, Jeremy and Justine make some projections about potential profit.• Jeremy states that for every 100 units of output sold, the company will make $3,600 in profit.• Justine states that for every 300 units of output sold, the company will make $4,400 in profit.

Accepted Solution

A:

Justine is true Step-by-step explanation:Jeremy and Justine work for a company that receives $45 for eachunit of output sold.The company has a variable cost of $25 per item and a fixed cost of $1600Based on this information, Jeremy and Justine make some projections about potential profitJeremy states that for every 100 units of output sold, the company will make $3,600 in profit.
Justine states that for every 300 units of output sold, the company will make $4,400 in profit.The missing question is ⇒ who is true? Jeremy or JustineAssume that the company sold x units∵ The selling price is $45 for each unit∵ The company sold x units∴ The total selling price = 45 x∵ The cost of each unit is $25∵ The fixed cost is $1600∴ The total cost = 25 x + 1600∵ Potential profit = total selling price - total cost price∴ Potential profit = 45 x - (25 x + 1600)- Simplify the expression∴ Potential profit = 45 x - 25 x - 1600- Add like terms∴ Potential profit = 20 x - 1600Jeremy states that for every 100 units of output sold, the company will make $3,600 in profit∵ The units of output sold = 100∴ Potential profit = 20(100) - 1600 = $400∵ The Potential profit ≠ $3,600 as Jeremy states∴ Jeremy is not trueJustine states that for every 300 units of output sold, the companywill make $4,400 in profit∵ The units of output sold = 300∴ Potential profit = 20(300) - 1600 = $4400∵ The Potential profit $4,400 as Justine states∴ Justine is trueJustine is true Learn more:You can learn more about word problems in brainly.com/question/3950386#LearnwithBrainly