Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me with this problem A deli sells 720 sandwiches per day at a price of $6 each. (A) A market survey shows that

Please help me with this problem

image text in transcribed
A deli sells 720 sandwiches per day at a price of $6 each. (A) A market survey shows that for every $0.10 reduction in the price, 20 more sandwiches will be sold. How much should the deli charge in order to maximize revenue? The deli should charge $ 4.80 for a sandwich to maximize revenue. (Round to the nearest cent as needed.) (B) A different market survey shows that for every $0.20 reduction in the original $6 price, 5 more sandwiches will be sold. Now how much should the deli charge in order to maximize revenue? Now the deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra

Authors: Jim Hefferon

1st Edition

978-0982406212, 0982406215

More Books

Students also viewed these Mathematics questions