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A manufacturer has been selling 1200 bicycles per week at $500 each. A market survey indicates that for each $10 decrease in price, the number

A manufacturer has been selling 1200 bicycles per week at $500 each. A market
survey indicates that for each $10 decrease in price, the number of items sold will increase by
20.
(a) Find an equation relating the price p and the quantity sold q.
(b) What price per item will maximize the revenue?
image text in transcribed
10. (15 points) A manufacturer has been selling 1200 bicycles per week at $500 each. A market survey indicates that for each $10 decrease in price, the number of items sold will increase by 20. (a) Find an equation relating the price p and the quantity sold q. (b) What price per item will maximize the revenue

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