BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

★★★★★5.0559 reviews
GMATLiveTeach 7 seats left
Chris Peckover
NEXT LIVE COHORT

Oct 13 to Jan 7, 2027

with Chris Peckover

Schedule
Tue, Thu · 8:00 to 10:00 PM ET
Included
40 live hours + 6 months of GMAT OnDemand
  • Live instruction and real-time questions
  • Class recordings and assigned practice
View class & enroll
Limited cohort · enrollment openTarget Test Prep
EALiveTeach 5 seats left
Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

Schedule
Sun · 9:30 AM to 12:30 PM ET
Included
40 hours of live online classes plus six months of access to the complete TTP EA OnDemand course.
  • 165+ EA Score Guarantee
  • 4,100+ Quant, Verbal, and Integrated Reasoning practice questions
  • 400+ hours of in-depth video lessons
  • 3,000+ step-by-step video solutions
View EA class & enroll
Limited cohort · enrollment openTarget Test Prep
GMATOnDemand Start anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

715+ score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

tough Q from tatamcgraw

Expert replies
by harry_x1 » Wed Jun 27, 2007 4:49 am
in order to maximize its profits, AMS corporation defined a function. Its unit sales price is $700 and the function representing the cost of production=300+2p^2, where p is the total units produced or sold. Find the most profitable production level. Assume that everything produced is necessarily sold.

Ans: 175


please someone solve dis problem. m getting nuts tryin to solve it
Join the discussion
Source: — Problem Solving |

by givemeanid » Wed Jun 27, 2007 5:54 am
Unit sale price = 700
Total sale price = 700p
Cost = 300 + 2p^2

Profit = 700p - (300 + 2p^2)

Max. or min. of any function lies where the first order derivative is 0.
So, d/dp(700p - 300 - 2p^2) = 0
700 - 2*2p = 0
p = 175
Join the discussion

by parore26 » Wed Jun 27, 2007 6:04 am
I'm pretty surprised to see this question because it involves Calculus to find the solution. First set up the Equation for profit

Profit = Revenue - Cost of Production.

Revenue = 700*p (where p is the number of units sold)

Cost = 300+(2*p^2)

So, Profit = 700*p - 300 - (2*p^2)

To maximise Profit we need to take a derivative w.r.t p and we get the equation

700 - 4p = 0 => 4p = 700 or p = 175

You can do a simple test to see if this is correct. Observe the table below and you can see that the total profit decreases when you go from producing 175 units to 176 units.

Units Profit
174 60948
175 60950
176 60948

p.s - If anyone knows of a better way to solve it I'd be interested.
Join the discussion