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Many companies make products to sell, either to other businesses or directly to consumers. The amount of money that a company collects from sales of its products is called its revenue. When a business produces a product, there are costs associated with production. For example, if a cola company is producing a diet cola, they incur costs from purchasing ingredients, aluminum to make cans, cardboard to make boxes, as well as the cost of paying their employees, and more. The profit that a company earns is the difference between the amount earned and the amount spent. Consider the lip color product from each of the two competing high-end cosmetic companies described below. The Alcone Company Besame Beauty This company makes a popular shade of lip A popular shade of lip color from this color that retails for $45 per tube. The lip color costs The Alcone Company $36 per tube to make and the monthly costs associated with manufacturing just this color are $1,500. company costs the consumer $55 per tube. The process to make the lip color costs Besame Beauty $44 per tube and the monthly costs associated with this are $2,200. Use the information given to explore some of the mathematical concepts you have practiced so far by answering the questions below. 1. Develop a single formula you can use to find the profit earned by both The Alcone Company and Besame Beauty for their lip color. Explain why your formula will work for both companies.

Many companies make products to sell, either to other businesses or directly to consumers. The amount of money that a company collects from sales of its products is called its revenue. When a business produces a product, there are costs associated with production. For example, if a cola company is producing a diet cola, they incur costs from purchasing ingredients, aluminum to make cans, cardboard to make boxes, as well as the cost of paying their employees, and more. The profit that a company earns is the difference between the amount earned and the amount spent. Consider the lip color product from each of the two competing high-end cosmetic companies described below. The Alcone Company Besame Beauty This company makes a popular shade of lip A popular shade of lip color from this color that retails for $45 per tube. The lip color costs The Alcone Company $36 per tube to make and the monthly costs associated with manufacturing just this color are $1,500. company costs the consumer $55 per tube. The process to make the lip color costs Besame Beauty $44 per tube and the monthly costs associated with this are $2,200. Use the information given to explore some of the mathematical concepts you have practiced so far by answering the questions below. 1. Develop a single formula you can use to find the profit earned by both The Alcone Company and Besame Beauty for their lip color. Explain why your formula will work for both companies.

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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os://s3.amazonaws.com/content.accelerate-ed.com/Secondary/docs/Algebra2/new_assets/worksheets/Alg2_M1_1.4.pdf CD Page view A Read aloud V Draw Highlight Many companies make products to sell, either to other businesses or directly to consumers. The amount of money that a company collects from sales of its products is called its revenue. When a business produces a product, there are costs associated with production. For example, if a cola company is producing a diet cola, they incur costs from purchasing ingredients, aluminum to make cans, cardboard to make boxes, as well as the cost of paying their employees, and more. The profit that a company earns is the difference between the amount earned and the amount spent. Consider the lip color product from each of the two competing high-end cosmetic companies described below. The Alcone Company Besame Beauty This company makes a popular shade of lip A popular shade of lip color from this color that retails for $45 per tube. The lip color costs The Alcone Company $36 per tube to make and the monthly costs associated with manufacturing just this color are $1,500. company costs the consumer $55 per tube. The process to make the lip color costs Besame Beauty $44 per tube and the monthly costs associated with this are $2,200. Use the information given to explore some of the mathematical concepts you have practiced so far by answering the questions below. 1. Develop a single formula you can use to find the profit earned by both The Alcone Company and Besame Beauty for their lip color. Explain why your formula will work for both companies.
Transcribed Image Text:os://s3.amazonaws.com/content.accelerate-ed.com/Secondary/docs/Algebra2/new_assets/worksheets/Alg2_M1_1.4.pdf CD Page view A Read aloud V Draw Highlight Many companies make products to sell, either to other businesses or directly to consumers. The amount of money that a company collects from sales of its products is called its revenue. When a business produces a product, there are costs associated with production. For example, if a cola company is producing a diet cola, they incur costs from purchasing ingredients, aluminum to make cans, cardboard to make boxes, as well as the cost of paying their employees, and more. The profit that a company earns is the difference between the amount earned and the amount spent. Consider the lip color product from each of the two competing high-end cosmetic companies described below. The Alcone Company Besame Beauty This company makes a popular shade of lip A popular shade of lip color from this color that retails for $45 per tube. The lip color costs The Alcone Company $36 per tube to make and the monthly costs associated with manufacturing just this color are $1,500. company costs the consumer $55 per tube. The process to make the lip color costs Besame Beauty $44 per tube and the monthly costs associated with this are $2,200. Use the information given to explore some of the mathematical concepts you have practiced so far by answering the questions below. 1. Develop a single formula you can use to find the profit earned by both The Alcone Company and Besame Beauty for their lip color. Explain why your formula will work for both companies.
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