Solve the Problem. -Set Up a Revenue Function, R(n), That Can Be Used

question 91

Multiple Choice

Solve the problem.
-Set up a revenue function, R(n) , that can be used to solve the problem, then solve the problem. A business sells n electric spatulas, at a price of (100 - 0.5n) dollars per spatula. How many electric
Spatulas must be sold to have a revenue of $3318?

• A) 42
• B) 45
• C) 37
• D) 44

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Definitions:

Present Value

The immediate fiscal worth of a future amount of money or cash flow streams, discounted with a specific rate of return.

Future Value

The value of an investment or cash flow at a specified future date, based on an assumed rate of growth or return.

Financial Calculator

A specialized calculator used to perform financial functions, such as calculating interest rates, payments, and investment values.

Time Periods

Time periods refer to specific lengths or intervals of time which are used for measuring, analyzing, or specifying durations, often within financial, managerial, or planning contexts.