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    Profit objective

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    A potato vendor charges $4.90 per spud sold.The stall has a Fixed cost of $500 per week. The variable cost of each potato sold is $1.50.
    How may potatoes must the stall sell in order to achieve a profit objective of $750 per week ?

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    Solution Preview

    Revenue = 4.90x, where x is the number of spud sold per week
    VC = 1.50x
    FC = 500 ...

    Solution Summary

    This provides an example of solving a profit objective problem.