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A manufacturer of kitchen appliances is preparing to set the price on a new blender. Demand is thought to depend on the price and is

A manufacturer of kitchen appliances is preparing to set the price on a new blender. Demand is thought to depend on the price and is represented by the model
Demand=2,500-3*Price
The accounting department estimates that the total costs can be represented by
Total Cost=5,000+5*Demand
You were asked to develop a model for the total profit.
Total Revenue=Demand*Price
Total Profit=Total Revenue-Total Cost
Implement the model on a spreadsheet and use nonlinear optimization with Solver to find the price that maximizes profit. What is the total profit?

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