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.
302 exam-style questions on WJEC A Level Maths 1.2 Algebra and Functions, covering 1.2.1 Algebra and Functions, 1.2.2 Algebra and Functions, 1.2.3 Algebra and Functions, 1.2.4 Algebra and Functions, 1.2.5 Algebra and Functions, 1.2.6 Algebra and Functions, 1.2.7 Algebra and Functions, 1.2.8 Algebra and Functions, 1.2.9 Algebra and Functions, 1.2.10 Algebra and Functions, 1.2.11 Algebra and Functions, and 1.2.12 Algebra and Functions. Each one has a worked solution and a mark scheme showing where the marks go.