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# According to a financial analyst, if company C sets the unit selling

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CR Forum Moderator
Joined: 25 Apr 2018
Posts: 403
According to a financial analyst, if company C sets the unit selling  [#permalink]

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Updated on: 07 Oct 2018, 02:24
00:00

Difficulty:

5% (low)

Question Stats:

100% (01:23) correct 0% (00:00) wrong based on 30 sessions

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According to a financial analyst, if company C sets the unit selling price of its product at X dollars, then its monthly profit P in dollars is given by the formula P = 1000(4x-x^2-2). According to this formula at what amount should company C set the unit selling price of its product so that its monthly profit is $2000? A.$1
B. $2 C.$3
D. $4 E.$6

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Originally posted by gmat1393 on 06 Oct 2018, 07:56.
Last edited by Bunuel on 07 Oct 2018, 02:24, edited 1 time in total.
Renamed the topic and edited the question.
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Re: According to a financial analyst, if company C sets the unit selling  [#permalink]

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06 Oct 2018, 13:38
Given profit $$P = 1000(4x-x^2-2)$$

We need to find $$x$$ so that $$P =2000$$

$$2000 = 1000(4x-x^2-2)$$
$$2=(4x-x^2-2)$$
$$4=x(4-x)$$

Option B: $$X= 2$$ satisfies the equation.

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Re: According to a financial analyst, if company C sets the unit selling   [#permalink] 06 Oct 2018, 13:38
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