Stat

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 D =2,000 - 4P. The accounting department estimates that the total costs can be represented by C = 6,000 + SD. Develop a model for the total prot. Implement the model on a spreadsheet and use nonlinear optimization with Solver to find the price that maximizes prot. E> The price that maximizes prot is P = $|:|. (Round to the nearest cent as needed.)