Rent-A-Reck Incorporated finds that it can rent 60 cars if it charges $80 for a weekend. It estimates that for each $5 price increase it will rent two fewer cars. What price should it charge to maximize its revenue?   How many cars will it rent at this price?

Q: Peach Company sells a line of toys for $24 each. The variable costs per toy are $7 and the fixed…

A: Give that,  fixed cost=$2380 Selling price per unit=$24 Variable cost per unit=$7

Q: Online retail sales stood at $15.5 billion for 2000. For the next 2 yr, they grew by 33.2% and 27.8%…

A: Initial year 2000 and sales = $ 15.5 billionYear Percentage growth…

Q: Merit, Ltd. manufactures a remote control device. The device sells for $25 per unit. The current…

A:

Q: A businesswoman wants to determine the difference between the costs of owning and leasing an…

A: Let's start by calculating the annual cost of leasing the car. Since the lease is $440 per month,…

Q: suppose it costs $52,000 per year to live in city A. It costs $90,000 to live in city B. In which…

A: We have to find correct answer.

Q: Tim Smith applied for a loan for a new engine on his van for his pool cleaning business. In order to…

A: Calculate the profit for 33 clients in a year and the profit for increased number of the clients.…

Q: A car rental agency rents 200 cars per day at a rate of $30 per day. For each $1 increase in rate, 5…

A:

Q: If you were in charge of the advertising department how much would you spend on each of the next 4…

A: To determine how much to spend on advertising for the next four months, we can analyze the data…

Q: If the loss percent for grapefruit is 47%, the yield percent would be 53%.

A: Yes. Statement is true.

Q: A farmer finds that if she plants 95 trees per acre, each tree will yield 25 bushels of fruit. She…

A:

Q: How many items does a company need to sell to break even if it sells its product for $17.50, each…

A: Here we find out break even point.

Q: Tickets for a concert are cheaper when purchased in quantity. The first 100 tickets are priced at…

A: let number of additional block of 100 tickets = x   total number of tickets = 100+100x Price of…

Q: The cost to buy a plane ticket to Hawaii is $530 if 80 tickets are sold. If more than 80 tickets (up…

A:

Q: fibernet offers 500 megabyte per second internet service for $25 per month with a $50 installation…

A: Given: Installation fee for fibernet = $50 Charges per month for fibernet = $25 Installation fee for…

Q: A farmer finds that if she plants 40 trees per acre, each tree will yield 30 bushels of fruit. She…

A: For every additional tree planted, yield decreases by bushels.  Question can be solved by using…