Golf Factory golf course normally has 160 players each day, each paying $50 to play. They want to raise their price so they paid for a study which found that for every $5 increase they would lose 10 players each day. Based on these numbers. what is the maximum possible income for a day, and what price would they charge to get it?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Golf Factory golf course normally has 160 players each day, each paying $50 to play. They want to
raise their price so they paid for a study which found that for every $5 increase they would lose 10
players each day. Based on these numbers. what is the maximum possible income for a day, and what
price would they charge to get it? -
Transcribed Image Text:Golf Factory golf course normally has 160 players each day, each paying $50 to play. They want to raise their price so they paid for a study which found that for every $5 increase they would lose 10 players each day. Based on these numbers. what is the maximum possible income for a day, and what price would they charge to get it? -
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