Cost Revenue & Profit For these problems, "x" will represent the number of items and "y" will represent the money. The fixed costs for a certain item are $230 per week. The cost to produce each item is $3 per item. Using this information, what is the cost equation? Give your answer in slope-intercept form.
The retailer intends to sell each item for $12/item. Using this information, what is the revenue equation? Give your answer in slope-intercept form.
If in this week 22 items are made, and all items are sold in the week, what are the total costs to the retailer? Cost
What is the revenue from selling 22 items? Revenue
Finally, what is the profit for this retailer? Profit
Box 1 & 2: Enter your answer as an expression. Example: 3x^2+1, x/5, (a+b)/c. Be sure your variables match those in the question.