Welcome onboard to Who's Your Carwash. I would like us to start putting emphasis on increasing our cash on hand and would like us to pursue a revenue focused strategy in the next month, as I want to upgrade our roadside sign and need cash to invest. We have been generating solid revenue lately, but I want to know if a 20% increase in the price of our car washes will lead to a 5% increase in total revenues next month.

I would like you to analyze our current pricing scheme on our Signature Suds car wash service and give me a recommendation on how we can increase our revenue. Our sales department has estimated the following monthly demand curve for our service: Q = 260 -5P and we are currently charging $30 per car wash. I have always thought our prices were a little low compared to our competitors, so I am inclined to increase prices to boost revenue. Let me know if you are thinking the same way, and if we can achieve the desired 5% increase in revenue