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5. Saks Fifth Avenue sells mens' Balmain jeans for $1295 each. During Back-to-School time they typically sell 1000 pairs per month. They are considering lowering

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5. Saks Fifth Avenue sells mens' Balmain jeans for $1295 each. During Back-to-School time they typically sell 1000 pairs per month. They are considering lowering the price. Market experts tell them that for each $100 decrease in price, Saks will sell 200 more pairs per month. If prices may decrease by any dollar amount, (not just by 100's), find the sale price that will maximize the revenue. Round to the nearest cent

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