hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $160 per night, 140 rooms will be rented. In order to rent 190 rooms, it must lower the price to $110 per night. What price must it set in order to maximize revenue?

hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $160 per night, 140 rooms will be rented. In order to rent 190 rooms, it must lower the price to $110 per night. What price must it set in order to maximize revenue?

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

Chapter8: Areas Of Polygons And Circles

Section8.5: More Area Relationships In The Circle

Problem 31E

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Question

A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be

$160

per night,

140

rooms will be rented. In order to rent

190

rooms, it must lower the price to

$110

per night. What price must it set in order to maximize revenue?

The price would be

$enter your response here

per night.

(Round answer to two decimal places.)

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