question\na company sells widgets. the amount of profit, y, made by the company, is related to the selling…

question\na company sells widgets. the amount of profit, y, made by the company, is related to the selling price of each widget, x, by the given equation. using this equation, find out the maximum amount of profit the company can make, to the nearest dollar.\n$y = -35x^{2}+1038x - 4878$

question\na company sells widgets. the amount of profit, y, made by the company, is related to the selling price of each widget, x, by the given equation. using this equation, find out the maximum amount of profit the company can make, to the nearest dollar.\n$y = -35x^{2}+1038x - 4878$

Answer

Answer:

$3074$

Explanation:

Step1: Identify the coefficients

The profit - function is $y = - 35x^{2}+1038x - 4878$, where $a=-35$, $b = 1038$, $c=-4878$.

Step2: Find the x - value of the vertex

The x - value of the vertex of a quadratic function $y = ax^{2}+bx + c$ is given by $x=-\frac{b}{2a}$. Substitute $a=-35$ and $b = 1038$ into the formula: $x=-\frac{1038}{2\times(-35)}=\frac{1038}{70}=\frac{519}{35}\approx14.83$.

Step3: Find the maximum profit

Substitute $x = \frac{519}{35}$ into the profit - function $y=-35x^{2}+1038x - 4878$: [ \begin{align*} y&=-35\times(\frac{519}{35})^{2}+1038\times\frac{519}{35}-4878\ &=-35\times\frac{519^{2}}{35^{2}}+\frac{1038\times519}{35}-4878\ &=-\frac{519^{2}}{35}+\frac{1038\times519}{35}-4878\ &=\frac{-519^{2}+1038\times519}{35}-4878\ &=\frac{519\times(-519 + 1038)}{35}-4878\ &=\frac{519\times519}{35}-4878\ &=\frac{269361}{35}-4878\ &=\frac{269361-4878\times35}{35}\ &=\frac{269361 - 170730}{35}\ &=\frac{98631}{35}\approx3074 \end{align*} ] So the maximum amount of profit the company can make is $$3074$.