Polynomials can be used to model different situations, like in the stock market to see how prices will vary over time. Business persons also use polynomials to model markets or sales. Example: A business is selling an item for Rs. 100 each. If x is the number of sales, then, our polynomial function r(x) will be r(x) = 100x. The company has fixed costs (rent, utilities, etc.) of Rs.3,000 per month and the cost to produce each item is Rs.50. So, c(x) = 50x + 3,000. Q. Form a polynomial that represents Profit for the month.

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Math
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alecfitzgerald
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1 year ago

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If x is the number of sales, then, our polynomial function r(x) will be r(x) = 100x. The company has fixed costs (rent, utilities, etc.) of Rs.3,000 per month and the cost to produce each item is Rs.50. So, c(x) = 50x + 3,000. Q. Form a polynomial that represents Profit for the month. Polynomials can be used to model different situations, like in the stock market to see how prices will vary over time. Business persons also use polynomials to model markets or sales. Example: A business is selling an item for Rs. 100 each.

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