T-shirts are being sold for $40 per shirt and the store owner was selling an average of 60 shirts a day. In an effort to sell more shirts, the owner decreased the t-shirt price by $2 and realized that he is selling 5 more shirts for every decrease in price.   -Determine an expression to represent the new price, P, with respect to the number of price changes (X) -Determine an expression to represent the quantity, Q, of items sold with respect to the number of price changes (X) -Determine an expression in standard form, to represent the revenue generated as modelled by the equation, R(x)=P(x)Q(x)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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T-shirts are being sold for $40 per shirt and the store owner was selling an average of 60 shirts a day. In an effort to sell more shirts, the owner decreased the t-shirt price by $2 and realized that he is selling 5 more shirts for every decrease in price.

 

-Determine an expression to represent the new price, P, with respect to the number of price changes (X)

-Determine an expression to represent the quantity, Q, of items sold with respect to the number of price changes (X)

-Determine an expression in standard form, to represent the revenue generated as modelled by the equation, R(x)=P(x)Q(x)

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