Owners of a bike rental company that charges customers between $5 and $25 per day have determined that the number of bikes rented per day n can be modeled by the linear function n(p) = 150 – 6p, where p is the daily rental charge. How much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your answer. Provide your answer below:
Owners of a bike rental company that charges customers between $5 and $25 per day have determined that the number of bikes rented per day n can be modeled by the linear function n(p) = 150 – 6p, where p is the daily rental charge. How much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your answer. Provide your answer below:
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Owners of a bike rental company that charges customers between $5 and $25 per day have determined that the number of
bikes rented per day n can be modeled by the linear function n(p) = 150 – 6p, where p is the daily rental charge. How
much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your
answer.
Provide your answer below:
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