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A car rental agency rents 300 cars per day at a rate of $55 per day. For each $1 increase in the per-day rate, 3 fewer cars are rented. They want to know what price they should rent at to maximize their revenue. Help them get started by setting up the revenue equation. You do not need to find the optimal price, just set up the revenue equation. Use as your variable, but in your work be sure to define what represents. Revenue =

A car rental agency rents 300 cars per day at a rate of $55 per day. For each $1 increase in the per-day rate, 3 fewer cars are rented. They want to know what price they should rent at to maximize their revenue. Help them get started by setting up the revenue equation. You do not need to find the optimal price, just set up the revenue equation. Use as your variable, but in your work be sure to define what represents. Revenue =

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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A car rental agency rents 300 cars per day at a rate of $55 per day. For each $1 increase in the per-day rate, 3 fewer cars are rented. They want to know what price they should rent at to maximize their revenue. Help them get started by setting up the revenue equation. You do not need to find the optimal price, just set up the revenue equation. Use x as your variable, but in your work be sure to define what a represents. Revenue =
Transcribed Image Text:A car rental agency rents 300 cars per day at a rate of $55 per day. For each $1 increase in the per-day rate, 3 fewer cars are rented. They want to know what price they should rent at to maximize their revenue. Help them get started by setting up the revenue equation. You do not need to find the optimal price, just set up the revenue equation. Use x as your variable, but in your work be sure to define what a represents. Revenue =
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