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The online retailer, ADress, is offering two summer dresses, the Misty Breeze and the Tahitian Dream. Each Misty Breeze costs $41 to manufacture and publicize,
The online retailer, ADress, is offering two summer dresses, the Misty Breeze and the Tahitian Dream. Each Misty Breeze costs $41 to manufacture and publicize, while each Tahitian Dream costs $46. The manager of the company estimates that if each Misty Breeze is priced at x dollars and each Tahitian Dream at y dollars, then 101 - 5x + 4y Misty breeze dresses and 56 + 6x - Ty Tahitian Dream dresses will be sold on average every day. (a) Express the total daily profit from the sale of the dresses as a function of r and y. (b) What pricing for each dress maximizes the total daily profit? What is the maximum profit from the sale of the dresses? Verify that your critical point corresponds to a maximum
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