a department store chain carries several types of womens makeup kits. for one particular makeup kit, the…

a department store chain carries several types of womens makeup kits. for one particular makeup kit, the business managers are trying to determine what kit price will result in the best sales. the graphs of revenue, cost, and profit for this kit, based on price, are shown. based on the graph, which price should result in the maximum profit for the sales of this makeup kit? $17.00 $40.00 $42.50 $67.50

a department store chain carries several types of womens makeup kits. for one particular makeup kit, the business managers are trying to determine what kit price will result in the best sales. the graphs of revenue, cost, and profit for this kit, based on price, are shown. based on the graph, which price should result in the maximum profit for the sales of this makeup kit? $17.00 $40.00 $42.50 $67.50

Answer

Explanation:

Step1: Identify profit - function graph

The profit function is $P(x)$. We need to find the x - value (price) at which the $P(x)$ graph reaches its maximum.

Step2: Locate the peak of $P(x)$

By observing the graph of $P(x)$, we find that the maximum of the $P(x)$ curve occurs at approximately $x = 40$.

Answer:

$40.00