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5 November, 08:31

Application: Economics. A vector ~p = h150, 225, 375i represents the price in dollars of certain models of bicycles sold by a bicycle shop at costs given by the vector ~c = h125, 200, 360i. (a) What is the vector ~r representing the revenue made from selling these bikes? (b) Suppose the shop owner offers a store-wide discount of 10% on the price of the bicycles. How much revenue does he make if he sells 10 o

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  1. 5 November, 08:57
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    a. r=25,25, 15

    b. Total revenue = 225,225, 135

    Explanation:

    Application: Economics. A vector ~p = 150, 225, 375

    represents the price in dollars of certain models of bicycles sold by a bicycle shop at costs given by the vector ~c = 125, 200, 360.

    (a) What is the vector ~r representing the revenue made from selling these bikes? (b) Suppose the shop owner offers a store-wide discount of 10% on the price of the bicycles. How much revenue does he make if he sells 10 o

    Lets's simplify the values step by step

    A vector p = 150, 225, 375 is the price

    vector c = 125, 200, 360. represent the cost of the bicycle

    therefore

    vector r=the revenue from selling the bicycle will be

    p-c:

    150, 225, 375 - (125, 200, 360)

    r = (25,25, 15)

    b.

    if there is a discount of 10% for 10 bicycles, i presume

    then the total revenue will be

    revenue / one bicycle*10% discount*10 bicycles

    to get the

    r = (100% (25,25, 15) - 10% (25,25, 15)) * 10

    if there is a 10% slash in the price, it means that the item will now be 90% of its price

    r=225,225,135

    Total revenue = 225,225, 135
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