Linear Profit and Solver

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Taught by TheMathDude
  • Currently 5.0/5 Stars.
7906 views | 1 rating
Meets NCTM Standards:
Features a TI Calculator
Lesson Description:

Handle situations involving a Linear Profit model (which includes Linear Revenue and Linear Cost). Handle means interpret the situation in order to solve for the input (quantity), output (profit), or any of the parameters (unit/marginal cost, unit/marginal price, fixed cost), whatever is missing.

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Additional Resources:
Questions answered by this video:
  • How do you use the solver on a TI graphing calculator to solve a linear profit function?
  • In a linear profit model in which you are selling a product, how can you determine how much you should sell the product for if you want to make a certain profit?
  • What is the function R*U - (C*U + F) - P used for?
  • How can you determine how many of a product you need to sell in order to break even?
  • Staff Review

    • Currently 5.0/5 Stars.
    This lesson will show you how to use the TI graphing calculator to determine the price that you should sell a product for in order to make a certain profit from a product. The Solver function on the calculator is used and explained. The resources are a big help in learning this topic.