Step 1 :First, we know that profit is calculated by subtracting cost from revenue. So, we have $P(x) = R(x) - C(x)$.
Step 2 :Substitute $R(x) = 4x$ and $C(x) = 0.004x^2 + 1.2x + 60$ into the equation, we get $P(x) = 4x - (0.004x^2 + 1.2x + 60)$.
Step 3 :Simplify the equation, we get $P(x) = -0.004x^2 + 2.8x - 60$.
Step 4 :For part b, we need to substitute $x = 200$ into $R(x)$, $C(x)$, and $P(x)$.
Step 5 :Substitute $x = 200$ into $R(x) = 4x$, we get $R(200) = 4*200 = 800$.
Step 6 :Substitute $x = 200$ into $C(x) = 0.004x^2 + 1.2x + 60$, we get $C(200) = 0.004*200^2 + 1.2*200 + 60 = 260$.
Step 7 :Substitute $x = 200$ into $P(x) = -0.004x^2 + 2.8x - 60$, we get $P(200) = -0.004*200^2 + 2.8*200 - 60 = 540$.
Step 8 :For part c, we need to find the derivative of $R(x)$, $C(x)$, and $P(x)$.
Step 9 :The derivative of $R(x) = 4x$ is $R'(x) = 4$.
Step 10 :The derivative of $C(x) = 0.004x^2 + 1.2x + 60$ is $C'(x) = 0.008x + 1.2$.
Step 11 :The derivative of $P(x) = -0.004x^2 + 2.8x - 60$ is $P'(x) = -0.008x + 2.8$.
Step 12 :For part d, we need to substitute $x = 200$ into $R'(x)$, $C'(x)$, and $P'(x)$.
Step 13 :Substitute $x = 200$ into $R'(x) = 4$, we get $R'(200) = 4$.
Step 14 :Substitute $x = 200$ into $C'(x) = 0.008x + 1.2$, we get $C'(200) = 0.008*200 + 1.2 = 2.8$.
Step 15 :Substitute $x = 200$ into $P'(x) = -0.008x + 2.8$, we get $P'(200) = -0.008*200 + 2.8 = 1.2$.