Last year a store sold 800 hats at $18 each. The store manager is planning to increase the price. A consumer survey shows that for every $2 increase, there will be a drop of 40 sales a year. What should the selling price be to maximize the annual revenue?

Last year a store sold 800 hats at $18 each. The store manager is planning to increase the price. A consumer survey shows that for every $2 increase, there will be a drop of 40 sales a year. What should the selling price be to maximize the annual revenue?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter8: Functions

Section8.CR: Review Problem Set

Problem 50CR

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Last year a store sold 800 hats at S18 each. The store manager is planning to increase the price. A consumer
survey shows that for every $2 increase, there will be a drop of 40 sales a year. What should the selling price be
to maximize the annual revenue?

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