A company models its daily profit, £PPP, from selling x x\,x items per day by the equation P=60x−x2−500P = 60x - x^2 - 500P=60x−x2−500
By completing the square, express P P\,P in the form A−(x−B)2A - (x - B)^2A−(x−B)2, where A A\,A and B B\,B are constants to be found.
Hence state the number of items the company should sell each day to maximise its daily profit, and the maximum daily profit.
566 exam-style questions on OCR A Level Maths 1.2 Algebra and Functions, covering 1.2.1 Indices, 1.2.2 Surds, 1.2.3 Simultaneous equations, 1.2.4 Quadratic functions, 1.2.5 Completing the square, 1.2.6 Solving quadratic equations, 1.2.7 Inequalities, 1.2.8 Expressing solutions of inequalities, 1.2.9 Representing inequalities graphically, 1.2.10 Manipulating polynomials, 1.2.11 Simplifying rational expressions, 1.2.12 The modulus function (A-level only), 1.2.13 Graphs of functions, 1.2.14 Sketching curves from equations, 1.2.15 Sketching reciprocal curves, 1.2.16 Interpreting solutions graphically, 1.2.17 Intersection points of graphs, 1.2.18 Proportional relationships, 1.2.19 Graph of the modulus of a linear function (A-level only), 1.2.20 Solving modulus equations graphically (A-level only), 1.2.21 Definition of a function (A-level only), 1.2.22 Inverse and composite functions (A-level only), 1.2.23 Simple graph transformations, 1.2.24 Combinations of graph transformations (A-level only), 1.2.25 Partial fractions (A-level only), and 1.2.26 Models in context. Each one has a worked solution and a mark scheme showing where the marks go.