The maximum profit earned from lunch special orders per hour is about [tex]\$ 112.5[/tex]. The restaurant will break even if [tex]10[/tex] lunch specials are ordered.
What is profit?
Profit is the amount which we earned after selling something more that its cost price.
We have,
Profit earned [tex]=y[/tex],
The number of lunch specials ordered per hour [tex]=x[/tex]
Now,
From the graph,
Profit(y) [tex]=a(x+5)(x-10)[/tex]
[tex]y=a[x^2-10x+5x-50][/tex]
[tex]y=a[x^2-5x-50][/tex]
Now,
When [tex]x=0[/tex] ,
then,
[tex]y=-50a[/tex] [tex].....(i)[/tex]
And,
From graph When [tex]x=0[/tex] ,
[tex]y=100[/tex] [tex].....(ii)[/tex]
So, from above equations ,
[tex]-50a=100[/tex]
[tex]a=-2[/tex],
Now,
[tex]y=a[x^2-5x-50][/tex]
Substituting value of a,
[tex]y=[-2x^2+10x+100][/tex]
[tex]y=[-2(x^2-5x)+100][/tex]
[tex]y=[-2(x^2-5x-(\frac{5}{2})^2 )+100+2(\frac{5}{2})^2][/tex]
[tex]y=[-2(x-\frac{5}{2} )^2+112\frac{1}{2}[/tex]
So,
Now
The maximum profit will be ,
From graph,
When [tex]x=\frac{5}{2} = 2.5[/tex]
So,
Putting value of x,
We get,
[tex]y=112.5[/tex]
So, the maximum profit earned from lunch special orders per hour is about [tex]\$ 112.5[/tex].
Now,
When [tex]y=0[/tex] then [tex]x=-5[/tex] or [tex]x=10[/tex]
As [tex]x > 0[/tex]
So,
The restaurant will break even if [tex]10[/tex] lunch specials are ordered.
Hence we can say that the maximum profit earned from lunch special orders per hour is about [tex]\$ 112.5[/tex]. The restaurant will break even if [tex]10[/tex] lunch specials are ordered.
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