Help Calculus Problem

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Mathematics

Description

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?

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Explanation & Answer

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the total for the sales=$5000

the excess from the price decrease is (100+25) items

the income from the decrease is 125*47=5875

the maximum proffit is 5875-5000=$875



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