A retailer who sells backpacks estimates that by selling them for x dollars each, she will be able to sell 100−x backpacks each month. The quadratic function R(x)=−x2+100x is used to find the revenue, R, received when the selling price of a backpack is x. Find the selling price that will give her the maximum revenue, and then find the amount of the maximum revenue.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter9: Quadratic Equations And Functions
Section9.6: Graph Quadratic Functions Using Properties
Problem 286E: In the following exercises, solve. Round answers to the nearest tenth. 286. A veterinarian is...
icon
Related questions
Question

A retailer who sells backpacks estimates that by selling them for x dollars each, she will be able to sell 100−x backpacks each month. The quadratic function R(x)=−x2+100x is used to find the revenue, R, received when the selling price of a backpack is x. Find the selling price that will give her the maximum revenue, and then find the amount of the maximum revenue.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Quadratic Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning