I would like to add to the above answer. One can use basic calculus, to be specific the use of basic differentiation:
(Applying basic differentiation)
In order to find the maximum make
Now solve for x:
Now substitute the answer into the original equation to find the maximum profit :
SUMMARY:
(Calculus is another simple way to solve problems when determining a question asking for the maximum. Only use calculus if you are familiar with it, otherwise use the methods as stated in the previous answer.)
- When finding the maximum, first differentiate with respect to the independent variable, many times will be x, then make it equal to zero and solve.
- Answer: x = 625 maximum profit P(625) = 119 025
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