Question
A car wash reduced the price of a basic wash as a promotion and test of the market. With the price at $11 the average
A car wash reduced the price of a basic wash as a promotion and test of the market. With the price at $11 the average monthly sales has been 21000. When the price dropped to $8, the average monthly sales rose to 26000. Assume that monthly sales is linearly related to the price. What car wash price would maximize revenue?
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Calculus
Authors: Dale Varberg, Edwin J. Purcell, Steven E. Rigdon
9th edition
131429248, 978-0131429246
