Profit of a Vineyard Phillip, the proprietor of a vineyard, estimates that the first 10100 bottles of wine produced this season will fetch a profit of $4 per bottle. However, the profit from each bottle beyond 10100 drops by $0.0003 for each additional bottle sold. Assuming at least 10100 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.) $ What would be the profit/bottle in this case? (Round the number of bottles down to the nearest whole bottle. Round your answer correct to the nearest cent.)
Profit of a Vineyard Phillip, the proprietor of a vineyard, estimates that the first 10100 bottles of wine produced this season will fetch a profit of $4 per bottle. However, the profit from each bottle beyond 10100 drops by $0.0003 for each additional bottle sold. Assuming at least 10100 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.) $ What would be the profit/bottle in this case? (Round the number of bottles down to the nearest whole bottle. Round your answer correct to the nearest cent.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 7PFA
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![Profit of a Vineyard Phillip, the proprietor of a vineyard, estimates that the first 10100 bottles of wine produced this season will fetch a profit of $4 per bottle. However, the
profit from each bottle beyond 10100 drops by $0.0003 for each additional bottle sold.
Assuming at least 10100 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.)
$
What would be the profit/bottle in this case? (Round the number of bottles down to the nearest whole bottle. Round your answer correct to the nearest cent.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fee5eaea2-65c7-42ec-a9e1-30d21750926d%2F5e9388af-f490-4c29-8a3a-f37ff7500388%2Fj0jeh7a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Profit of a Vineyard Phillip, the proprietor of a vineyard, estimates that the first 10100 bottles of wine produced this season will fetch a profit of $4 per bottle. However, the
profit from each bottle beyond 10100 drops by $0.0003 for each additional bottle sold.
Assuming at least 10100 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.)
$
What would be the profit/bottle in this case? (Round the number of bottles down to the nearest whole bottle. Round your answer correct to the nearest cent.)
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