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Finding Inputs and Outputs in a Story Context
Identify the relevant information given to you in the application problem below. Use that information to answer the questions that follow.

Round your answers to two decimal places as needed.
You purchase for dollars and plan to sell them at the for cents each. Your profit can be determined by the function P(x)=x−\displaystyle {P}{\left({x}\right)}={x}- where P\displaystyle {P} represents your profit and x\displaystyle {x} represents the number of sold.
  1. Calculate P()\displaystyle {P}{()}:         P()=\displaystyle {P}{()}=

  2. Write your answer as an Ordered Pair:    

  3. Complete the following sentence to explain the meaning of #1 and #2:

    The profit from selling is dollars
  1. Find x\displaystyle {x} when P(x)=\displaystyle {P}{\left({x}\right)}=:         x=\displaystyle {x}=

  2. Write your answer as an ordered pair:     

  3. Complete the following sentence to explain the meaning of #1 and #2:

    If the profit was dollars, then the number of sold was

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