julio has started his very own floral business. he sells centerpieces for $19.50 each. his fixed costs are…

julio has started his very own floral business. he sells centerpieces for $19.50 each. his fixed costs are $500 per month, and each centerpiece cost $8 to produce. let $n$ represent the number of centerpieces you sell. write an equation to determine the cost, $c$. write another equation to determine the revenue, $r$.\na. $c = 500+19.50n$\n$r = 8n$\nb. $c = 500 + 8n$\n$r = 19.50n$\nc. $c = 19.50n+8n$\n$r = 500$\nd. $c = 19.50n$\n$r = 500 + 8n$

julio has started his very own floral business. he sells centerpieces for $19.50 each. his fixed costs are $500 per month, and each centerpiece cost $8 to produce. let $n$ represent the number of centerpieces you sell. write an equation to determine the cost, $c$. write another equation to determine the revenue, $r$.\na. $c = 500+19.50n$\n$r = 8n$\nb. $c = 500 + 8n$\n$r = 19.50n$\nc. $c = 19.50n+8n$\n$r = 500$\nd. $c = 19.50n$\n$r = 500 + 8n$

Answer

Explanation:

Step1: Define cost formula

Cost is sum of fixed - cost and variable - cost. Fixed cost is $500 and variable cost per centerpiece is $8. If $n$ is the number of centerpieces, then $C = 500+8n$.

Step2: Define revenue formula

Revenue is the selling price per unit times the number of units sold. Selling price per centerpiece is $19.50, so $R = 19.50n$.

Answer:

B. $C = 500 + 8n$, $R = 19.50n$