Julio has started his very own floral business. He sells centerpieces for $19.50 each. His fixed costs are $500 per month, and each centerpiece cost $8 to produce. Let n represent the number of centerpieces you sell. Write an equation to determine the cost, C. Write another equation to determine the revenue, R.

Question

Nikolai Ochoa

Mathematics

29 May, 17:13

Julio has started his very own floral business. He sells centerpieces for $19.50 each. His fixed costs are $500 per month, and each centerpiece cost $8 to produce. Let n represent the number of centerpieces you sell. Write an equation to determine the cost, C. Write another equation to determine the revenue, R.

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Chum · Answer 1

The total cost, C, is the sum of the cost to produce the centerpieces and the fixed cost. The equation for C is C = 8n + 500.

The total revenue, R, of Julio's floral business is the product of the cost per centerpiece and the number of centerpieces sold. The equation for R is R = 19.50n.