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Name: A self-published author found that when she sold her debut novel, as a
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Description: A self-published author found that when she sold her debut novel, as an e-book, at a price of $3.99, she sold 19 copies in one day. When she lowered the price to $1.99, she sold 43 copies in one day. Assuming the relationship between the price and th

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter8: Functions

Section8.CT: Test

Problem 19CT

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A self-published author found that when she sold her debut novel, as an e-book, at a price of $3.99, she sold 19 copies in one day. When she lowered the price to $1.99, she sold 43 copies in one day. Assuming the relationship between the price and the number sold is linear, what price will maximize her revenue? Round your answer to the nearest cent.

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