Let Revenue = Selling Price * Qty and Cost = Variable Cost * Qty. Suppose that the Variable Cost per unit is $12, and the Quantity Sold Depends on the Selling Price and is given by the equation Qty = 200,000 5000*Selling Price.

In the Real World, what is the Highest value that the Selling Price could be?

In the Real World, what is the Lowest value for the Price P?

How much Profit would you make if your Selling Price was $20 ?