another Alg 2 story problem (skateboard shop).. please help?
Monday, October 26th, 2009You purchase a skateboard shop for $110,000. You estimate that monthly costs will be $3800. The monthly revenue is expected to be $5600.
Let R represent the revenue you bring in during the first t months. Write a model for R.
Let C represent your costs, including the purchase price, during the first t months. Write a model for C.
I’ll bet you can do this problem. You took that long to type it in … now let’s figure it out.
If R is the revenue you bring in during the first t months … you’re told in the problem what the MONTHLY revenue is. So the function R(t) is equal to that number times …. the number of months.
Now, C is your costs. How much did you purchase the shop for? add to that the monthly costs (times the number of months – same as in the revenue) … and voila!! you have the Cost model.