A dog food producer reduced the price of a dog food. With the price at $8 the average monthly sales has been 21000. When the price dropped to $7, the average monthly sales rose to 26000. Assume that monthly sales is linearly related to the price.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter5: Polynomial And Rational Functions
Section5.1: Quardratic Functions
Problem 74SE: A soccer stadium holds 62,000 spectators. With aticket price of$11, the average attendance has...
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A dog food producer reduced the price of a dog food. With
the price at $8 the average monthly sales has been 21000.
When the price dropped to $7, the average monthly sales
rose to 26000. Assume that monthly sales is linearly related
to the price.
What price would maximize revenue? $
91500
Transcribed Image Text:A dog food producer reduced the price of a dog food. With the price at $8 the average monthly sales has been 21000. When the price dropped to $7, the average monthly sales rose to 26000. Assume that monthly sales is linearly related to the price. What price would maximize revenue? $ 91500
A car wash reduced the price of a basic wash as a promotion
and test of the market. With the price at $12 the average
monthly sales has been 30000. When the price dropped to
$11, the average monthly sales rose to 33000. Assume that
monthly sales is linearly related to the price.
What car wash price would maximize revenue? $
Transcribed Image Text:A car wash reduced the price of a basic wash as a promotion and test of the market. With the price at $12 the average monthly sales has been 30000. When the price dropped to $11, the average monthly sales rose to 33000. Assume that monthly sales is linearly related to the price. What car wash price would maximize revenue? $
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