A small publishing company is releasing a new book. The production costs will include a one-time fixed cost for editing and an additional cost for each book printed. The total production cost C in dollars) is given by the function C= 18.95N+750, where N is the number of books.
The total revenue earned (in dollars) from selling the books is given by the function R = 34.60 N.
Let P be the profit made in dollars). Write an equation relating P to N. Simplify your answer as much as possible.