A resort owner observed for the past few months and that conference Hall in his hotel which can accommodate a maximum of 60 people is always full during weekends for as long as the price remained at 18000 pesos per day. However, for the succeeding months, his record showed that each time he increased the charge by 800 pesos, the number of customers resering for the use of the hall decreases by an average of 6 people. How much is the total increase in the charge that will yield the greatest amount of revenue?
A resort owner observed for the past few months and that conference Hall in his hotel which can accommodate a maximum of 60 people is always full during weekends for as long as the price remained at 18000 pesos per day. However, for the succeeding months, his record showed that each time he increased the charge by 800 pesos, the number of customers resering for the use of the hall decreases by an average of 6 people. How much is the total increase in the charge that will yield the greatest amount of revenue?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A resort owner observed for the past few months and that conference Hall in his hotel which can accommodate a maximum of 60 people is always full during weekends for as long as the price remained at 18000 pesos per day. However, for the succeeding months, his record showed that each time he increased the charge by 800 pesos, the number of customers resering for the use of the hall decreases by an average of 6 people. How much is the total increase in the charge that will yield the greatest amount of revenue?
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