A dog food producer reduced the price of a dog food. With the price at $12 the average monthly sales has been 22000. When the price dropped to $9, the average monthly sales rose to 28000. Assume that monthly sales is linearly related to the price. What price would maximize revenue? $

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter8: Introduction To Functions
Section8.10: Inverse Variation
Problem 6ST
icon
Related questions
Question
A dog food producer reduced the price of a dog food. With the price at $12 the average monthly
sales has been 22000. When the price dropped to $9, the average monthly sales rose to 28000.
Assume that monthly sales is linearly related to the price.
What price would maximize revenue? $
Transcribed Image Text:A dog food producer reduced the price of a dog food. With the price at $12 the average monthly sales has been 22000. When the price dropped to $9, the average monthly sales rose to 28000. Assume that monthly sales is linearly related to the price. What price would maximize revenue? $
Expert Solution
steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Recommended textbooks for you
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
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt