Develop a model for the total profit in terms of the price

Reference no: EM131438192

Question: A manufacturer of mp3 players is preparing to set the price on a new model. Demand is thought to depend on the price and is represented by the model

D = 2,500 - 3P

The accounting department estimates that the total costs can be represented by

C = 5,000 + 5D

Develop a model for the total profit in terms of the price, P.

Reference no: EM131438192

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