In order to calculate the profit, let's subtract the revenue and the cost:
[tex]\begin{gathered} \text{profit}=\text{revenue-cost} \\ \text{profit}=3y^2+10y+700-(y^2+10y+400000) \\ \text{profit}=2y^2-399300 \end{gathered}[/tex]Now, for 400 bicycles, let's calculate the profit:
[tex]\begin{gathered} \text{profit}=2\cdot400^2-399300 \\ \text{profit}=320000-399300 \\ \text{profit}=-79300 \end{gathered}[/tex]Since the profit is negative, the company should not make the bicycles.