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

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

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 for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter9: Polynomial And Rational Functions

Section9.4: Graphing Polynomial Functions

Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...

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