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To find the total profit (P(x)), we start by understanding the basic relationship in business mathematics: Profit is the difference between total revenue (R(x)) and total cost (C(x)). Mathematically, this is expressed as: [ P(x) = R(x) - C(x) ] Here, (x) represents the number of units sold. Step 1: Determine Total Revenue (R(x)) Total revenue is calculated by multiplying the selling price per unit (p(x)) with the number of units sold (x). If the selling price is constant, the revenue function is linear: [ R(x) = p \cdot x ] If the selling price varies with quantity, for example due to discounts, then (R(x) = x \cdot p(x)). Step ________ ______ __________ _____ _______ _________ ____ _____ __________ _______ __________ ______.
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