Math  /  Algebra

QuestionCost, Revenue \& Profit For these problems, xx will represent the number of items and yy will represent the money. The fixed costs for a certain item are $120\$ 120 per week. The cost to produce each item is $8\$ 8 per item. Using this information, what is the cost equation? Give your answer in slope-intercept form: y=y= \square
The retailer intends to sell each item for $10/\$ 10 / item. Using this information, what is the revenue equation? Give your answer in slope-intercept form: y=y= \square
If in this week 84 items are made, and all items are sold in the week, what are the total costs to the retailer? Cost =$=\$ \square What is the revenue from selling 84 items? Revenue = \ \squareFinally,whatistheprofitforthisretailer?Profit Finally, what is the profit for this retailer? Profit =\$$ $\square$

Studdy Solution
Cost equation: y=8x+120y = 8x + 120 Revenue equation: y=10xy = 10x Total costs for 84 items: $792\$792 Revenue from selling 84 items: $840\$840 Profit: $48\$48

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