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19 February, 16:53

The amount of profit, p, you earn by selling knives, k, can be determined by: p=200k-500 a) Determine the constraints on profit and the constraints on the number of knives sold. b) Is it possible to make a $14000 profit?

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  1. 19 February, 17:20
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    We are given with the formula

    p = 200k - 500

    a) The constraint for this formula is obtained from the idea that the profit must be positive

    200k - 500 > 0

    k > 500/200

    k > 2.5

    b) To make 14000 profit

    14000 = 200k - 500

    k = 72.5 or 73 knives must be sold
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