Cost Revenue And Profit Functions Worksheet

To solve for a break even quantity set p x 0 and.

Cost revenue and profit functions worksheet. What is the cost to manufacture 20 sofas. Basic worksheets for students on edexcel old spec gcse business revenue cost and profit can be used in lesson or set as homework. The hot dog vendor in example 1 of the lesson had a daily cost function of c x 50 2 x and a daily revenue function of r x 3 x. Students need to identify different types of costs calculate revenue and costs then go onto look at how revenue changes due to a change in price.

We get this means that if they sell 500 newspapers it will result in a loss of. The cost to manufacture a sofa is 600 per sofa plus a fixed setup cost of 4 500. The company s revenue function r x. In other words p x r x c x.

A detailed worksheet that covers many exam style questions on calculating profit. Basic worksheets for students on edexcel old spec gcse business revenue cost and profit can be used in lesson or set as homework. B we can find the profit that results from selling 500 copies by finding that is plugging 500 into the profit function. The profit function p x is the money that is left over from the revenue income after the costs expenses have been subtracted.

Cost revenue and profit functions. Record your responses on this worksheet. Eventually students will calculate profit and suggest how this can be improved. The break even point occurs when the total revenue equals the total cost or in other words when the profit is zero.

C to find the break even quantity we can either set revenue. Complete the following questions to investigate different types of linear models. Hopefully this makes some intuitive sense as well. The worksheet has brief case study and key financial information students then must calculate sales revenue variable costs total costs and finally whether the business has made a.

Equation formula worksheet 1. Cost revenue and profit project function operations in the real world. Each bike costs 40 to make and the company s fixed costs are 5000. In addition earl knows that the price of each bike comes from the price function find.

Linear cost revenue profit supply and demand. Since profit is defined to be revenue minus cost the profit function is. A fun worksheet examining a start up company making sausages. Profit is defined to be revenue minus cost or in function form p x r x c x or simply.