Homework Help is Here – Start Your Trial Now!
Math
Calculus
5) Maximum profit: A computer dealer can sell 12 personal computers per week at a price of $2000 each. He estimates that each $400 price decrease will result in three more sales per week. If the computers cost him $1200 each, a) What price should he charge to maximize his profit? b) How many will he sell at that price? c) What's the maximum profit per week?

5) Maximum profit: A computer dealer can sell 12 personal computers per week at a price of $2000 each. He estimates that each $400 price decrease will result in three more sales per week. If the computers cost him $1200 each, a) What price should he charge to maximize his profit? b) How many will he sell at that price? c) What's the maximum profit per week?

Algebra for College Students
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
See similar textbooks
icon
Related questions
Question

K. 5 Please show all work/steps

5) Maximum profit: A computer dealer can sell 12 personal computers per week at a price of $2000 each. He estimates that each $400 price decrease will result in three more sales per week. If the computers cost him $1200 each, a) What price should he charge to maximize his profit? b) How many will he sell at that price? c) What's the maximum profit per week?
Transcribed Image Text:5) Maximum profit: A computer dealer can sell 12 personal computers per week at a price of $2000 each. He estimates that each $400 price decrease will result in three more sales per week. If the computers cost him $1200 each, a) What price should he charge to maximize his profit? b) How many will he sell at that price? c) What's the maximum profit per week?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Perimeter
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
SEE MORE TEXTBOOKS