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Joe acquired n identical rare coins for 1,000 dollars each. Suppose th

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Joe acquired n identical rare coins for 1,000 dollars each. Suppose th [#permalink]

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New post 08 Jan 2018, 07:30
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79% (01:25) correct 21% (01:11) wrong based on 14 sessions

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Joe acquired n identical rare coins for 1,000 dollars each. Suppose the price at which he sells each coin is 5000 – 20n, what would his total profit be, in dollars?

A. 4,000n – 20n2
B. 5,000 – 20n2
C. 4,000 – 20n
D. (4,00 - 20n)/n
E. 5000 – 1020n

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Re: Joe acquired n identical rare coins for 1,000 dollars each. Suppose th [#permalink]

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New post 08 Jan 2018, 10:50
Bunuel wrote:
Joe acquired n identical rare coins for 1,000 dollars each. Suppose the price at which he sells each coin is 5000 – 20n, what would his total profit be, in dollars?

A. 4,000n – 20n2
B. 5,000 – 20n2
C. 4,000 – 20n
D. (4,00 - 20n)/n
E. 5000 – 1020n


His total cost = 1000*n
His total selling price = (5000 - 20n)*n = 5000n - 20n^2

So, his total profit = Selling price - Cost price = (5000n - 20n^2) - 1000n = 4000n - 20n^2

Hence A answer
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Re: Joe acquired n identical rare coins for 1,000 dollars each. Suppose th [#permalink]

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New post 08 Jan 2018, 11:04
Bunuel wrote:
Joe acquired n identical rare coins for 1,000 dollars each. Suppose the price at which he sells each coin is 5000 – 20n, what would his total profit be, in dollars?

A. 4,000n – 20n2
B. 5,000 – 20n2
C. 4,000 – 20n
D. (4,00 - 20n)/n
E. 5000 – 1020n


Cost Price = \(1000n\)
Selling Price = \(5000n -20n^2\)

So, Profit = \(5000n -20n^2\) - \(1000n\)

Or, Profit = \(4000n - 20n^2\), answer will be (A)
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Re: Joe acquired n identical rare coins for 1,000 dollars each. Suppose th   [#permalink] 08 Jan 2018, 11:04
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Joe acquired n identical rare coins for 1,000 dollars each. Suppose th

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