What is the selling price of each phone cover?

Understanding Revenue, Cost, and Profit

Interactive Video
•
Mathematics, Business
•
7th - 10th Grade
•
Hard

Ethan Morris
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$20
$15
$12
$10
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the revenue equation represented?
R = 10X
R = 20X
R = 15X
R = 12X
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the fixed startup cost for producing phone covers?
$5,200
$2,000
$3,500
$6,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much does it cost to produce each phone cover?
$1
$2
$3
$4
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the variable cost per phone cover?
$4
$1
$2
$3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total cost equation for producing phone covers?
C = 5X + 5,200
C = 2X + 5,200
C = 3X + 5,200
C = 4X + 5,200
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the profit equation derived from the revenue and cost equations?
P = 10X - 5,200
P = 15X - 5,200
P = 12X - 5,200
P = 20X - 5,200
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