A baseball card store can obtain Mel Schlabotnic rookie cards at a cost of $5 per card.
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A baseball card store can obtain Mel Schlabotnic rookie cards at a cost of $5 per card. The store has been offering the cards at $10 apiece and, at this price, has been selling 25 cards per month. The store is planning to lower the price to stimulate sales and estimates that for each 25-cent reduction in the price, 5 more cards will be sold each month. At what price should the cards be sold to maximize total monthly profit?
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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