A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $150 per night, 140 rooms will be rented. In order to rent 190 rooms, it must lower the price to $100 per night. What price must it set in order to maximize revenue? The price would be $ per night. (Round answer to two decimal places.)
A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $150 per night, 140 rooms will be rented. In order to rent 190 rooms, it must lower the price to $100 per night. What price must it set in order to maximize revenue? The price would be $ per night. (Round answer to two decimal places.)
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
Chapter9: Systems Of Linear Equations
Section9.5: Multiplication With The Addition-or-subtraction Method
Problem 10P
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A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $150 per night, 140 rooms will be rented. In order to rent 190 rooms, it must lower the price to $100 per night. What price must it set in order to maximize revenue?
The price would be $ per night.
(Round answer to two decimal places.)
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