A company that conducts bus tours found that when the price was $9.00 per person, the average number of customers was 1000 per week. When the company reduced the price to $7.00 per person, the average number of customers increased to 1500 per week. Assuming that the demand function is linear, what price should be charged to obtain the greatest weekly revenue? Revenue is price times number sold. Also find this maximum revenue.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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A company that conducts bus tours found that when the price was $9.00 per person, the
average number of customers was 1000 per week. When the company reduced the price to $7.00
per person, the average number of customers increased to 1500 per week. Assuming that the
demand function is linear, what price should be charged to obtain the greatest weekly revenue?
Revenue is price times number sold. Also find this maximum revenue.

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