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Bob'sCompany sells one product with a variable cost of $5 per unit.The company is unsure what price to charge in order to maximize profits.The price

Bob'sCompany sells one product with a variable cost of $5 per unit.The company is unsure what price to charge in order to maximize profits.The price charged will also affect the demand.If fixed costs are $100,000 and the following chart represents the demand at various prices, what price should be charged in order to maximize profits?

Units SoldPrice

30,000$10

40,000$9

50,000$8

60,000$7

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