Question
A surfboard shop sells 45 surfboards per month when it charges $500 per surfboard. For each $20 decrease in price, the store sells 5 more
A surfboard shop sells 45 surfboards per month when it charges $500 per surfboard. For each $20 decrease in price, the store sells 5 more surfboards per month. How much should the shop charge per surfboard in order to maximize monthly revenue? \
A. $340
B. $492
C. $508
D. $660
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Let the surfboards sold be 45 5x In this case the cost at which they will be sellin...
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Step: 2
Step: 3
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
