Aretailer can obtain digital Cameras from. the manufacturer ata Cost of $ 15o aplece. The retailer has been selling the cameras at the price of $340 apiece, and at this this price, Consumers have been buying yo

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Solve , show all steps, 

the answer should be

P(p)=2(360-p)(p-150),optimal price 

p=$255

 

Aretailer can obtain digital Cameras from
the manufacturer ata Cost of$ 150 aplece.
The retailer has been selling the cameras
at the price of $340 apiece, and at this
this price, Consumers have been buying
40.
Cameros a month. The retailer is planning
to lower this price to stiMulate sales and
estimates that for $ 5 reduction in the
Price, lo more cameras will be sold each
month. Express the retailer's mon thly profit.
from the sale of the cameras as a function
of the selling price, Praw thegraph,and
lestimute the optimal selling price.
Transcribed Image Text:Aretailer can obtain digital Cameras from the manufacturer ata Cost of$ 150 aplece. The retailer has been selling the cameras at the price of $340 apiece, and at this this price, Consumers have been buying 40. Cameros a month. The retailer is planning to lower this price to stiMulate sales and estimates that for $ 5 reduction in the Price, lo more cameras will be sold each month. Express the retailer's mon thly profit. from the sale of the cameras as a function of the selling price, Praw thegraph,and lestimute the optimal selling price.
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