We use the profit concept, and doing this, it is found that if 150 televisions are sold, the profit is $50,700.
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Profit is given by revenue subtracted by cost.
In this question:
Thus, the profit of selling x televisions is:
[tex]P(x) = R(x) - C(x)[/tex]
[tex]P(x) = 3x^2 + 180x - (3x^2 - 160x + 300)[/tex]
[tex]P(x) = 3x^2 + 180x - 3x^2 + 160x - 300[/tex]
[tex]P(x) = 340x - 300[/tex]
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For 150 televisions, we have P(150), so:
[tex]P(150) = 340(150) - 300 = 50700[/tex]
If 150 televisions are sold, the profit is $50,700.
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