Monday, October 21, 2013

profit and loss



        A man finds that it costs $ (300+4N) per day to make N articles. If the selling price of each article is $7, what are the minimum articles to be produced per day if he has to make a profit?


Answer:
SP of N articles = 7N
Profit: 7N – (300 + 4N)
For min. Profit 7N – (300 + 4N) > 0
Or, 3N > 300
Or, N > 100

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