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A trader realises 10x - x\(^2\) Naira profit from the sale of x bags of corn....

Mathematics
JAMB 2018

A trader realises 10x - x\(^2\) Naira profit from the sale of x bags of corn. How many bags will give him the maximum profit?

  • A. 7
  • B. 6
  • C. 5
  • D. 4
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Correct Answer: Option C
Explanation

Profit (P) = 10\(_x\) − \(_x\)2

  Maximum profit can be achieved when the differential of profit with respect to number of bags(x) is 0

  i.e. \(\frac{dp}{dx}\) = 0

 \(\frac{dp}{dx}\) = 10 - 2x = 0

  10 = 2x

  Then x = \(\frac{10}{2}\) = 5

  Answer is C

There is an explanation video available below.


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Explanation Video

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
JAMB CBT Mobile App 2024 - Free Download
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
JAMB CBT 2024 - Candidates, Schools, Centres, Resellers - Get Ready!
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
JAMB CBT 2024 - Candidates, Schools, Centres, Resellers - Get Ready!
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709