HD Sport & Fitness gym, analysis shows that, as the demand of the gym, the number of members is 83 when annual membership fee is $17 per member and the number of members is 81 when annual membership fee is $24 per member. As the operator of the gym, you found out that number of members (q) and membership fee (p) have a linear relationship. A) At what membership price, p, is the revenue maximized? p=$??. Round your answer to 2 decimal places. B) What is the maximum annual revenue? R= $??. Round your answer to 2 decimal places. Note: Round all coefficients of your revenue function to 2 decimal places.

HD Sport & Fitness gym, analysis shows that, as the demand of the gym, the number of members is 83 when annual membership fee is $17 per member and the number of members is 81 when annual membership fee is $24 per member. As the operator of the gym, you found out that number of members (q) and membership fee (p) have a linear relationship. A) At what membership price, p, is the revenue maximized? p=$??. Round your answer to 2 decimal places. B) What is the maximum annual revenue? R= $??. Round your answer to 2 decimal places. Note: Round all coefficients of your revenue function to 2 decimal places.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter6: Systems Of Equations And Inequalities

Section6.2: Two-variable Linear Systems

Problem 9ECP

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Question

At HD Sport & Fitness gym, analysis shows that, as the demand of the gym, the number of members is 83 when annual membership fee is $17 per member and the number of members is 81 when annual membership fee is $24 per member. As the operator of the gym, you found out that number of members (q) and membership fee (p) have a linear relationship.

A) At what membership price, p, is the revenue maximized?
p=$??. Round your answer to 2 decimal places.

B) What is the maximum annual revenue?
R= $??. Round your answer to 2 decimal places.

Note: Round all coefficients of your revenue function to 2 decimal places.

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