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Andrew sells vintage clothing at a flea market at which he pays $150

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Andrew sells vintage clothing at a flea market at which he pays $150  [#permalink]

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New post 19 Aug 2018, 09:43
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Question Stats:

88% (01:42) correct 12% (02:29) wrong based on 33 sessions

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Andrew sells vintage clothing at a flea market at which he pays $150 per day to rent a table plus $10 per hour to his assistant. He sells an average of $78 worth of clothes per hour. Assuming no other costs, which of the functions below best represents profit per day, P, in terms of hours, h, that the flea market table is open for business?

(A) P(h) = 238 – 10h
(B) P(h) = 72 – 10h
(C) P(h) = 68h – 150
(D) P(h) = 78h – 160
(E) P(h) = –160h + 78

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Re: Andrew sells vintage clothing at a flea market at which he pays $150  [#permalink]

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New post 19 Aug 2018, 09:55
Bunuel wrote:
Andrew sells vintage clothing at a flea market at which he pays $150 per day to rent a table plus $10 per hour to his assistant. He sells an average of $78 worth of clothes per hour. Assuming no other costs, which of the functions below best represents profit per day, P, in terms of hours, h, that the flea market table is open for business?

(A) P(h) = 238 – 10h
(B) P(h) = 72 – 10h
(C) P(h) = 68h – 150
(D) P(h) = 78h – 160
(E) P(h) = –160h + 78


His fixed cost = $150
P(h)= earnings - cost(fixed + variable)
P(h)=78h - (150 + 10h)
p(h)=68h-150
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Re: Andrew sells vintage clothing at a flea market at which he pays $150  [#permalink]

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New post 18 Mar 2019, 18:53
Bunuel wrote:
Andrew sells vintage clothing at a flea market at which he pays $150 per day to rent a table plus $10 per hour to his assistant. He sells an average of $78 worth of clothes per hour. Assuming no other costs, which of the functions below best represents profit per day, P, in terms of hours, h, that the flea market table is open for business?

(A) P(h) = 238 – 10h
(B) P(h) = 72 – 10h
(C) P(h) = 68h – 150
(D) P(h) = 78h – 160
(E) P(h) = –160h + 78



The daily revenue will be 78h dollars, and the daily cost is (150 + 10h) dollars. Therefore, the daily profit is P(h) = 78h - (150 + 10h) = 68h - 150 dollars.

Answer: C
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Re: Andrew sells vintage clothing at a flea market at which he pays $150   [#permalink] 18 Mar 2019, 18:53
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