Q.

The profit function P(x) of a company; selling x items per day is given by P(x)=(150x)x1600. Find the number of items that the company should sell to get maximum profit. Also find the maximum profit.

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Detailed Solution

Given profit function 

P(x)=(150x)x1600=150xx21600

Let f(x)=150xx21600

f(x)=1502xf′′(x)=2<0(max)

Clearly it has max profit

Consider f(x)=0 ;

1502x=0;x=75

the company should sell 75 items to get max profit

P(x)=(15075)751600

=(75)751600=4025

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