A baseball card store can obtain Mel Schlabotnic rookie cards at a cost of $4 per card. The store has been offering the cards at $13 apiece and, at this price, has been selling 28 cards per month. The store is planning to lower the price to stimulate sales and estimates that for each 50-cent reduction in the price, 4 more cards will be sold each month. At what price should the cards be sold to maximize total monthly profit
A baseball card store can obtain Mel Schlabotnic rookie cards at a cost of $4 per card. The store has been offering the cards at $13 apiece and, at this price, has been selling 28 cards per month. The store is planning to lower the price to stimulate sales and estimates that for each 50-cent reduction in the price, 4 more cards will be sold each month. At what price should the cards be sold to maximize total monthly profit
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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A baseball card store can obtain Mel Schlabotnic rookie cards at a cost of $4 per card. The store has been offering the cards at $13 apiece and, at this price, has been selling 28 cards per month. The store is planning to lower the price to stimulate sales and estimates that for each 50-cent reduction in the price, 4 more cards will be sold each month. At what price should the cards be sold to maximize total monthly profit?
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