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It’s well known that a company's profit=10,000x-50x2, where x is the n

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Math Revolution GMAT Instructor
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It’s well known that a company's profit=10,000x-50x2, where x is the n  [#permalink]

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Updated on: 07 Apr 2017, 02:03
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67% (01:17) correct 33% (01:14) wrong based on 178 sessions

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It’s well known that a company's profit=10,000x-50x^2, where x is the number of workers. If the profit of the company is the greatest, what is the value of x?

A. 5
B. 10
C. 50
D. 80
E. 100

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"Only $99 for 3 month Online Course" "Free Resources-30 day online access & Diagnostic Test" "Unlimited Access to over 120 free video lessons - try it yourself" Originally posted by MathRevolution on 05 Apr 2017, 01:23. Last edited by MathRevolution on 07 Apr 2017, 02:03, edited 1 time in total. Math Expert Joined: 02 Sep 2009 Posts: 49300 Re: It’s well known that a company's profit=10,000x-50x2, where x is the n [#permalink] Show Tags 05 Apr 2017, 01:51 MathRevolution wrote: It’s well known that a company's profit=10,000x-50x^2, where x is the number of workers. If the profit of the company is the greatest, what is the value of x? A. 5 B. 10 C. 50 D. 80 E. 100 This is almost the same exact question as this one: https://gmatclub.com/forum/it-s-well-kn ... 27127.html _________________ Manager Joined: 31 Jan 2017 Posts: 58 Location: India Concentration: Strategy, Leadership GMAT 1: 680 Q49 V34 GPA: 4 WE: Project Management (Energy and Utilities) Re: It’s well known that a company's profit=10,000x-50x2, where x is the n [#permalink] Show Tags 05 Apr 2017, 02:07 2 Answer : [E] To find Max or Min of a polynomial f(x), Equate f'(x)=0 f(x) = 10,000x - 50x^2 f'(x) = 10,000 - 50*2x = 0 [differentiating ] 100x = 10,000 x=100 [ to cross check if it is truely max f"(x) should be negative = -100] _________________ __________________________________ Kindly press "+1 Kudos" if the post helped Manager Joined: 03 Jan 2016 Posts: 58 Location: India WE: Engineering (Energy and Utilities) Re: It’s well known that a company's profit=10,000x-50x2, where x is the n [#permalink] Show Tags 05 Apr 2017, 06:54 value of given expression increases as no of workers. So E Manager Joined: 01 Nov 2016 Posts: 68 Concentration: Technology, Operations Re: It’s well known that a company's profit=10,000x-50x2, where x is the n [#permalink] Show Tags 05 Apr 2017, 17:02 Spartan85 wrote: Answer : [E] To find Max or Min of a polynomial f(x), Equate f'(x)=0 f(x) = 10,000x - 50x^2 f'(x) = 10,000 - 50*2x = 0 [differentiating ] 100x = 10,000 x=100 [ to cross check if it is truely max f"(x) should be negative = -100] Haha this is how I solved the question too, but this is calculus. I think GMAT does not require calculus? Is this a realistic question for the test? Manager Joined: 31 Jan 2017 Posts: 58 Location: India Concentration: Strategy, Leadership GMAT 1: 680 Q49 V34 GPA: 4 WE: Project Management (Energy and Utilities) Re: It’s well known that a company's profit=10,000x-50x2, where x is the n [#permalink] Show Tags 05 Apr 2017, 21:31 joondez wrote: Spartan85 wrote: Answer : [E] To find Max or Min of a polynomial f(x), Equate f'(x)=0 f(x) = 10,000x - 50x^2 f'(x) = 10,000 - 50*2x = 0 [differentiating ] 100x = 10,000 x=100 [ to cross check if it is truely max f"(x) should be negative = -100] Haha this is how I solved the question too, but this is calculus. I think GMAT does not require calculus? Is this a realistic question for the test? Assuming that this type of problem may come on the GMAT, knowing only this little part of Calculus is highly recommended. _________________ __________________________________ Kindly press "+1 Kudos" if the post helped Math Revolution GMAT Instructor Joined: 16 Aug 2015 Posts: 6227 GMAT 1: 760 Q51 V42 GPA: 3.82 Re: It’s well known that a company's profit=10,000x-50x2, where x is the n [#permalink] Show Tags 07 Apr 2017, 02:02 2 ==> From $$y=f(x)=ax^2+bx+c$$, if $$x=\frac{-b}{2a}$$, f(x) becomes either maximum or minimum. Thus, profit=$$-50x^2+10,000x$$, and in order for the profit to become the greatest, you get $$x=\frac{-10,000}{2(-50)}=100$$. The answer is E. Answer: E _________________ MathRevolution: Finish GMAT Quant Section with 10 minutes to spare The one-and-only World’s First Variable Approach for DS and IVY Approach for PS with ease, speed and accuracy. "Only$99 for 3 month Online Course"
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Re: It’s well known that a company's profit=10,000x-50x2, where x is the n  [#permalink]

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10 Oct 2017, 20:50
Bunuel MathRevolution

i got stumped by similar questions before. So when the question says 10,000x does that mean x is multiplied by 10,000 or is it the units digit ?
I know 10,000 (thousands comma separator) should give it away but other questions dont have it sometimes

and also for 50x^2 is that x squared or (50X) squared.

Thanks
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Posts: 49300
Re: It’s well known that a company's profit=10,000x-50x2, where x is the n  [#permalink]

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10 Oct 2017, 20:55
mbsingh wrote:
Bunuel MathRevolution

i got stumped by similar questions before. So when the question says 10,000x does that mean x is multiplied by 10,000 or is it the units digit ?
I know 10,000 (thousands comma separator) should give it away but other questions dont have it sometimes

and also for 50x^2 is that x squared or (50X) squared.

Thanks

10000x always means 10000*x. If it were an units digit it would have been explicitly mentioned.

50x^2 always means 50*x^2. If it were (50x)^2 would have been written (50x)^2.
_________________
Retired Moderator
Joined: 03 Aug 2016
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GMAT 1: 660 Q44 V38
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Re: It’s well known that a company's profit=10,000x-50x2, where x is the n  [#permalink]

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10 Oct 2017, 21:25
1
Bunuel wrote:
mbsingh wrote:
Bunuel MathRevolution

i got stumped by similar questions before. So when the question says 10,000x does that mean x is multiplied by 10,000 or is it the units digit ?
I know 10,000 (thousands comma separator) should give it away but other questions dont have it sometimes

and also for 50x^2 is that x squared or (50X) squared.

Thanks

10000x always means 10000*x. If it were an units digit it would have been explicitly mentioned.

50x^2 always means 50*x^2. If it were (50x)^2 would have been written (50x)^2.

Thanks Bunuel. I wish i could borrow your brain for exam day. Not a bad trade off, mine comes with long list of pick up lines and quality stuff for stand up comedy :D
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Re: It’s well known that a company's profit=10,000x-50x2, where x is the n  [#permalink]

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10 Oct 2017, 21:31
well we can do it this way also:

10000x - 50x^2 = -50 (x^2 - 10000x/50) = -50 (x^2 - 200x) (I have taken -50 outside common)

= -50 [(x-100)^2 - 10000] (I have written it in a square form, it is still the same)

= 50 [10000 - (x-100)^2] (Now removed the minus sign outside and changed inside, so still same)

Now, if we observe, the MAX value of this expression will be when (x-100) becomes '0' (zero), and that will only happen when x=100.

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Re: It’s well known that a company's profit=10,000x-50x2, where x is the n  [#permalink]

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18 Oct 2017, 02:31
It is easier to plug the value of x given in the answer choices.
Start with the max then the min and the middle. we will get our range.
X=100
10000X100-50(100)ˆ2=(10)ˆ6-5(10)ˆ5
X=5
10000X5-50(5)ˆ2=5(10)ˆ4-1250
X=50
10000X50-50(50)ˆ2=5(10)ˆ5-125(10)ˆ4
The highest power of 10 we get when X=100
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Joined: 01 Oct 2017
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Re: It’s well known that a company's profit=10,000x-50x2, where x is the n  [#permalink]

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29 Oct 2017, 12:58
gps5441 wrote:
It is easier to plug the value of x given in the answer choices.
Start with the max then the min and the middle. we will get our range.
X=100
10000X100-50(100)ˆ2=(10)ˆ6-5(10)ˆ5
X=5
10000X5-50(5)ˆ2=5(10)ˆ4-1250
X=50
10000X50-50(50)ˆ2=5(10)ˆ5-125(10)ˆ4
The highest power of 10 we get when X=100
precisely how I got my answer. Coz the question asks for the “maximum” value. Sure got taken aback when I saw people using calculus.

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Re: It’s well known that a company's profit=10,000x-50x2, where x is the n &nbs [#permalink] 29 Oct 2017, 12:58
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