The owner of the “CD Universe” website just bought 1000 CDs by the same musical artist. Each CD cost $6.45. CD Universe decides to sell them to its customers for $12.95 each. What formula could be used to calculate the profit/loss, p, for selling n CDs?

The total cost of 1000 CDs is: 6.45*1000=6450.
The revenue is the product of the number of CDs sold, n, and the selling price of each is 12.95.
P=12.95n-6450

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chisnau chisnau · Answer 2 · 2019-06-15T13:33:15+02:00

Answer:

The formula used to calculate profit 'p' will be :

[tex]p=12.95n-6450[/tex]

Step-by-step explanation:

Cost of 1 CD = $6.45

So, cost of 1000 CD's = [tex]6.45\times1000=6450[/tex]

The selling price of 1 CD = $12.95

Let the profit be represented by 'p'

Selling price of 1 CD = $12.95

So, selling price of 'n' CD's = $12.95n

So, the formula used to calculate profit 'p' will be :

[tex]p=12.95n-6450[/tex]