Knowee
Questions
Features
Study Tools

Julian, an experienced motorcycle mechanic, recently decided to share his expertise by writing and selling an ebook. After conducting some market research, Julian knows that if he charges x dollars per download, he will sell –4x+160 downloads of his ebook in his first year.The online bookstore will charge Julian 25% of the amount he charges per download. So, Julian will earn 75% of the amount he charges per download, or 0.75x dollars, in profit.What two prices can Julian charge per download to earn exactly $900 in profit in his first year?

Question

Julian, an experienced motorcycle mechanic, recently decided to share his expertise by writing and selling an ebook. After conducting some market research, Julian knows that if he charges x dollars per download, he will sell –4x+160 downloads of his ebook in his first year.The online bookstore will charge Julian 25% of the amount he charges per download. So, Julian will earn 75% of the amount he charges per download, or 0.75x dollars, in profit.What two prices can Julian charge per download to earn exactly $900 in profit in his first year?

...expand
🧐 Not the exact question you are looking for?Go ask a question

Solution

To find the two prices Julian can charge per download to earn exactly $900 in profit in his first year, we need to set up an equation and solve for x.

The equation is based on the fact that the profit Julian makes is equal to the price he charges per download (0.75x) times the number of downloads he sells (-4x + 160). This profit should be equal to $900.

So, the equation is:

0.75x * (-4x + 160) = 900

Solving this equation for x will give us the two prices Julian can charge per download.

First, distribute 0.75x through the parentheses:

-3x^2 + 120x = 900

Then, subtract 900 from both sides to set the equation equal to zero:

-3x^2 + 120x - 900 = 0

Next, divide every term by -3 to simplify the equation:

x^2 - 40x + 300 = 0

This is a quadratic equation, and we can solve it by factoring, completing the square, or using the quadratic formula. The quadratic formula is the most straightforward method:

x = [40 ± sqrt((40)^2 - 41300)] / (2*1) x = [40 ± sqrt(1600 - 1200)] / 2 x = [40 ± sqrt(400)] / 2 x = [40 ± 20] / 2 x = 20 or x = 60

So, Julian can charge either 20or20 or 60 per download to earn exactly $900 in profit in his first year.

This problem has been solved

Similar Questions

A bookseller bought 100 copies of a book and marked its price at 40% above the cost price. He sold 40 books giving a discount of 10% and the remaining at a discount of 20%. What is his overall profit percentage?16.80%17.60%20%22%None

A bookseller sells all his books at a profit of 10%. If he buys a book from the distributor atRs200, how much does he sell it for

A man sold two articles for Rs.800 each.On selling first, he gains 20% and on the other 30%.What is the profit percent in the transaction?24%24.8%25%None of these

Select the correct answerBy selling two articles for ₹800, a person gains the cost price of three articles. The profit percent is?Options125150140120

Dominic earns $285 per week plus an 8% commission rate on all his sales. If Dominic sells $4,213 worth of merchandise in one week, how much will his total earnings for the week be?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.