An automobile dealer can sell 12 cars per day at a price of $21,000. He estimates that for each $300 price reduction he can sell two more cars per day. If each car costs him $18,000, 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?
An automobile dealer can sell 12 cars per day at a price of $21,000. He estimates that for each $300 price reduction he can sell two more cars per day. If each car costs him $18,000, 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?
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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An automobile dealer can sell 12 cars per day at a price of $21,000. He estimates that for each $300 price reduction he can sell two more cars per day. If each car costs him $18,000, 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?
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