A grocery store has been selling frozen pizzas at $5 each, and at this price, customers have been buying 2760 pizzas per month. The store is considering reducing the price, and estimates that for each $1 decrease in price, monthly sales will increase by 1200 pizzas. The store obtains the pizzas at a cost of $2 each. At what price should the pizzas be sold to maximize the monthly profit?
A grocery store has been selling frozen pizzas at $5 each, and at this price, customers have been buying 2760 pizzas per month. The store is considering reducing the price, and estimates that for each $1 decrease in price, monthly sales will increase by 1200 pizzas. The store obtains the pizzas at a cost of $2 each. At what price should the pizzas be sold to maximize the monthly profit?
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...
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