A deli sells 640 sandwiches per day at a price of $8 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 $ 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 $8 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.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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A deli sells 640 sandwiches per day at a price of $8 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 $[ ] 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 $8 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.)
Transcribed Image Text:A deli sells 640 sandwiches per day at a price of $8 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 $[ ] 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 $8 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.)
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