If club members charge $5 admission to a classic car show, 1000 people will attend, and for each $1 increase in price, 100 fewer people will attend. What price will give the maximum revenue for the show? Find the maximum revenue.
If club members charge $5 admission to a classic car show, 1000 people will attend, and for each $1 increase in price, 100 fewer people will attend. What price will give the maximum revenue for the show? Find the maximum revenue.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.3: Equations With Fractional Coefficient
Problem 14P
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If club members charge $5 admission to a classic car show, 1000 people will attend, and for each $1 increase in price, 100 fewer people will attend. What price will give the maximum revenue for the show? Find the maximum revenue.
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