# Profit Function: Equation & Formula

Instructions:

question 1 of 3

### If x is the number of units sold, what is the cost of a product with a cost function of C(x) = 150 + 13x when 125 units are sold?

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### 2. For the given cost and revenue functions, find the breakeven point. C(x) = 700 + 20x R(x) = 40x

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Profit functions primarily reconcile the revenue a company receives for selling a product or service less the cost for creating that product or service. This quiz/worksheet combination will help you to test your knowledge of these functions. The questions on the quiz will test you on your ability to perform these calculations using profit functions.

## Quiz & Worksheet Goals

In these assessments, you'll be tested on:

• Evaluating cost functions
• Calculating profit given cost and revenue functions
• Identifying the breakeven point given cost and revenue functions
• Determining profit volume

## Skills Practiced

This quiz and worksheet will allow you to test your skills in the following areas:

• Reading comprehension - ensure that you draw and retain the most important information on calculating profit functions from the related lesson
• Making connections - use your understanding of functions and performing calculations based on mathematical functions
• Problem solving - use your acquired knowledge to solve practice problems involving profit functions, cost functions, and revenue functions individually