When Megastore sells jumbo packages of toilet paper for $20 each, their sales are 1000 packages per day. If they increase the price by $1, their sales decrease by 100 sales per day. Assuming that the demand for the jumbo packages depends linearly on the price, what price gives Megastore the maximum revenue? Round your answer to the nearest cent, if necessary. per package %24

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.6: The Rectangular Coordinate System And Graphs
Problem 40E
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When Megastore sells jumbo packages of toilet paper for $20 each, their sales are 1000 packages per day. If they increase the price by $1, their sales decrease by 100 sales per day. Assuming
that the demand for the jumbo packages depends linearly on the price, what price gives Megastore the maximum revenue? Round your answer to the nearest cent, if necessary.
per package
%24
Transcribed Image Text:When Megastore sells jumbo packages of toilet paper for $20 each, their sales are 1000 packages per day. If they increase the price by $1, their sales decrease by 100 sales per day. Assuming that the demand for the jumbo packages depends linearly on the price, what price gives Megastore the maximum revenue? Round your answer to the nearest cent, if necessary. per package %24
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