Cost, Revenue, Profit
Identify the relevant information given to you in the application problem below. Use that information to
answer the questions that follow on cost, revenue and profit.
Round your answers to two decimal places as needed.
You decide to begin selling bottles of water at the local carnival. Your cost for each bottle of water is $0.69
plus you have to pay a fixed weekly fee of $140 for the booth. Your plan is to sell each bottle of water for
$2.62.
1. Write a function, C(n), to represent your total costs for the week if you sell n bottles of water.
C(n) =
2. Write a function, R(n), to represent the revenue from the sale of n bottles of water during the week.
R(n) =
3. Write a function, P(n), that represents the profits for selling n bottles of water in a given week.
P(n) =
