Lee is opening an online shop to sell handmade necklaces. He has determined that his cost and revenue functions are C(x)= 730+24x and R(x) =71x, respectively, where x represents the number of necklaces. write the profit function P(x) for Lee's business.
Profit = Revenue minus Cost
R(x) = 71x {revenue function} C(x) = 730 + 24x {cost function} P(x) = 71x  (730 + 24x) {revenue minus cost} P(x) = 71x  730  24x {removed parentheses} P(x) = 47x  730 {combined like terms} The profit function for Lee’s business is P(x) = 47x  730 Ask Algebra House
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