Help Calculus Problem

Calculus
Tutor: None Selected Time limit: 1 Day

A  store owner currently sells an item for $50 and can sell 100 items per week on average. However, market research says that for each $3 decrease in price, the owner will be able to sell 25 more items per week. What price should the owner set so that the weekly maximum profit is realized?

Jul 19th, 2015

Thank you for the opportunity to help you with your question!

Total sale when price is 50 = 50*100=5000

When 3 dollar decrease, new price is 47 and sale increases from 100 to 125

So total sale= 47*125=5875


So price should be set at 47  to get maximum sale





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Jul 19th, 2015

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