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Profit objective

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 ?

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.