A bus service that serves a local college campus has a standard fare of $4.50 per ticket and gives a reduction of $0.10 per ticket as an incentive for groups. The company estimates that it says $200.00 in gas plus overhead expenses of $2.00 per ticket.
a. Write a simplified polynomial function for the bus service’s total cost, C(x), where x is the number of tickets.
b. Write a simplified polynomial function for the bus service’s revenue.
c. Determine a profit function, P(x).
d. Determine an average profit (profit per ticket) function.
The answer for b. is: Revenue = R(x) 4.50x - 0.10x^2
why is it? how do you know how many of tickets are sold at full fare and how many are sold at reduced fare?
a. Write a simplified polynomial function for the bus service’s total cost, C(x), where x is the number of tickets.
b. Write a simplified polynomial function for the bus service’s revenue.
c. Determine a profit function, P(x).
d. Determine an average profit (profit per ticket) function.
The answer for b. is: Revenue = R(x) 4.50x - 0.10x^2
why is it? how do you know how many of tickets are sold at full fare and how many are sold at reduced fare?