A dog food producer reduced the price of a dog food. With the price at $8 the average monthly sales has been 21000. When the price dropped to $7, the average monthly sales rose to 26000. Assume that monthly sales is linearly related to the price.
A dog food producer reduced the price of a dog food. With the price at $8 the average monthly sales has been 21000. When the price dropped to $7, the average monthly sales rose to 26000. Assume that monthly sales is linearly related to the price.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter8: Introduction To Functions
Section8.10: Inverse Variation
Problem 6ST
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Please Answer these maximum revenue questions.
![A dog food producer reduced the price of a dog food. With
the price at $8 the average monthly sales has been 21000.
When the price dropped to $7, the average monthly sales
rose to 26000. Assume that monthly sales is linearly related
to the price.
What price would maximize revenue? $
91500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5b286e03-d909-497d-968c-9b95c2b09c48%2F86a37d6d-5540-4f80-8596-ca9a36361d6e%2Fgylsvj6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A dog food producer reduced the price of a dog food. With
the price at $8 the average monthly sales has been 21000.
When the price dropped to $7, the average monthly sales
rose to 26000. Assume that monthly sales is linearly related
to the price.
What price would maximize revenue? $
91500
![A car wash reduced the price of a basic wash as a promotion
and test of the market. With the price at $12 the average
monthly sales has been 30000. When the price dropped to
$11, the average monthly sales rose to 33000. Assume that
monthly sales is linearly related to the price.
What car wash price would maximize revenue? $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5b286e03-d909-497d-968c-9b95c2b09c48%2F86a37d6d-5540-4f80-8596-ca9a36361d6e%2Fa12taab_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A car wash reduced the price of a basic wash as a promotion
and test of the market. With the price at $12 the average
monthly sales has been 30000. When the price dropped to
$11, the average monthly sales rose to 33000. Assume that
monthly sales is linearly related to the price.
What car wash price would maximize revenue? $
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