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A store has been selling a popular computer game at the price of $40 per unit, and at this price, players have been buying 50 units per month. The owner of the store wishes to raise the price of the game and estimates that for each $1 increase in price, 3 fewer units will be sold each month. If each unit costs the store $25, at what price should the game be sold to maximize profit?

A store has been selling a popular computer game at the price of $40 per unit, and at this price, players have been buying 50 units per month. The owner of the store wishes to raise the price of the game and estimates that for each $1 increase in price, 3 fewer units will be sold each month. If each unit costs the store $25, at what price should the game be sold to maximize profit?

Algebra for College Students
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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A store has been selling a popular computer game at the price of $40 per unit, and at this price, players have been buying 50 units per month. The owner of the store wishes to raise the price of the game and estimates that for each $1 increase in price, 3 fewer units will be sold each month. If each unit costs the store $25, at what price should the game be sold to maximize profit?
Transcribed Image Text:A store has been selling a popular computer game at the price of $40 per unit, and at this price, players have been buying 50 units per month. The owner of the store wishes to raise the price of the game and estimates that for each $1 increase in price, 3 fewer units will be sold each month. If each unit costs the store $25, at what price should the game be sold to maximize profit?
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