Answered: An automobile dealer can sell 12 cars…

Name: An automobile dealer can sell 12 cars per day at a price of $15,000. H
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Description: An automobile dealer can sell 12 cars per day at a price of $15,000. He estimates that for each $300 price reduction he can sell two more cars per day. If each car costs him $12,000, and fixed costs are $1000, what price should he charge to maximize

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

Chapter8: Introduction To Functions

Section8.10: Inverse Variation

Problem 6ST

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An automobile dealer can sell 12 cars per day at a price of $15,000. He estimates that for each $300 price reduction he can sell two more cars per day. If each car costs him $12,000, and fixed costs are $1000, what price should he charge to maximize his profit? [Hint: Let x = the number of $300 price reductions.]
$

How many cars will he sell at this price?
cars per day

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