Jamie's business sells a good that follows a Linear Demand. He observed that at a price of $ 45.00 a quantity of 28.00 units is sold and that at price of $ 37.00 he sells a quantity of 35.00 units of the product. The variable cost of the product is $ 14.00.What is the Profit Maximizing Price?

Formula: Profit Maximizing Price= (Unit Cost + MRP)

MRP =Maximum Reservation Price