Catherine de Medici wants to purchase some of your nitre stockpile. Her initial proposal is to buy 5.5 tonnes at a price of 10 livre tournois. Your spies have determined that for every 0.2 livre reduction in price that she would purchase 0.3 more tonnes of nitre. How much should you charge in order to maximize the revenue of this sale?
Catherine de Medici wants to purchase some of your nitre stockpile. Her initial proposal is to buy 5.5 tonnes at a price of 10 livre tournois. Your spies have determined that for every 0.2 livre reduction in price that she would purchase 0.3 more tonnes of nitre. How much should you charge in order to maximize the revenue of this sale?
ChapterP: Prerequisites
SectionP.6: The Rectangular Coordinate System And Graphs
Problem 7ECP
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How much should you charge in order to maximize the revenue of this sale?
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