Back Home

ACT Question for April 29th

John Jones has decided to go into the business of producing and selling boats. In order to begin this venture, he must invest $10 million in a boat production plant. The cost to produce each boat will be $7,000, and the selling price will be $20,000. Accounting for the cost of the production plant, which of the following expressions represents the profit, in dollars, that John will realize when x boats are produced and sold?