A 40-room hotel is fully occupied if $3000 is charged per day per room. For every x hundred-dollar increase in the daily rate, there are x units vacant. What rate will maximize the revenue of the hotel operation?
A 40-room hotel is fully occupied if $3000 is charged per day per room. For every x hundred-dollar increase in the daily rate, there are x units vacant. What rate will maximize the revenue of the hotel operation?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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A 40-room hotel is fully occupied if $3000 is charged per day per room. For every x hundred-dollar increase in the daily rate, there are x units vacant. What rate will maximize the revenue of the hotel operation?
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