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Application of Algebraic Polynomials in Cost Accountancy

MP3 players example   The profit in millions of dollars for an MP3 player can be done with the polynomial P=-4x^3 + 12X^2 + 16X. X represents the number of MP3 players produced annually. The company currently produces 3 million MP3 players and makes a profit of $ 48,000,000. To figure out the least amount of MP3 players the company can produce and still make the same profit we need to solve for P.   Step 1 Set P=48 This represents the total profit. 48=-4X^3 + 12X^2 + 16X   Step 2 subtract the 48 from 48 and from the end of the equation, like this 48=-4X^3 + 12X^2 + 16X - 48                                                                                                  ... read more

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