Cost, Revenue, Profit Identify the relevant information given to you in the application problem below. Use that information to answer the questions that follow on cost, revenue and profit.

Round your answers to two decimal places as needed.
You decide to begin selling bags of gold fish at the local fairground. Your cost for each bag of gold fish is $0.71 plus you have to pay a fixed weekly fee of $180 for the booth. Your plan is to sell each bag of gold fish for $2.78.
Write a function, C(n), to represent your total costs for the week if you sell
n
bags of gold fish.
C
(
n
)
=

Correct

Write a function, R(n), to represent the revenue from the sale of
n
bags of gold fish during the week.
R
(
n
)
=

Correct

Write a function, P(n), that represents the profits for selling
n
bags of gold fish in a given week.
P
(
n
)
=

Correct

What is your total cost for the week if you sell 300 items?
C
(
300
)
=

Correct

Write your answer as an ordered pair:
(300,393)
Correct

Complete the following sentence to explain the meaning of #1 and #2:

My cost for selling 300 bags of gold fish is
393
Correct dollars.
What is your total revenue for the week if you sell 300 items?
R
(
300
)
=

834
Correct

Write your answer as an ordered pair:
(300,834)
Correct

Complete the following sentence to explain the meaning of #1 and #2:

My revenue from selling 300 bags of gold fish is
834
Correct dollars.
What is your total profit for the week if you sell 300 items?
P
(
300
)
=

441
Correct

Write your answer as an ordered pair:
(300,441)
Correct

Complete the following sentence to explain the meaning of #1 and #2:

My profit for selling 300 bags of gold fish is
441
Correct dollars.
How many bags of gold fish must you sell in order to make a positive profit? Write your answer as a whole number.


Complete the following sentence to explain the meaning of #1:

In order to make a profit, I have to sell a minimum of

bags of goldfish