The Denham Motel in Leduc has 90 rooms. If $300 per room is charged the owner will rent 40 rooms per night. For every $25 the price per room is dropped, 10 additional rooms will be rented. Determine what should be charged per room to maximize revenue and what the maximum revenue is on a daily basis. Select one: a. Charge $175 per room, maximum revenue is $15750 per night. b. Charge $250 per room, maximum revenue is $18250 per night. c. Charge $150 per room, maximum revenue is $10000 per night. d. Charge $200 per room, maximum revenue is $16000 per night.
The Denham Motel in Leduc has 90 rooms. If $300 per room is charged the owner will rent 40 rooms per night. For every $25 the price per room is dropped, 10 additional rooms will be rented. Determine what should be charged per room to maximize revenue and what the maximum revenue is on a daily basis. Select one: a. Charge $175 per room, maximum revenue is $15750 per night. b. Charge $250 per room, maximum revenue is $18250 per night. c. Charge $150 per room, maximum revenue is $10000 per night. d. Charge $200 per room, maximum revenue is $16000 per night.
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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The Denham Motel in Leduc has 90 rooms. If $300 per room is charged the owner will rent 40 rooms per night. For every $25 the price per room is dropped, 10 additional rooms will be rented. Determine what should be charged per room to maximize revenue and what the maximum revenue is on a daily basis.
Select one:
a. Charge $175 per room, maximum revenue is $15750 per night.
b. Charge $250 per room, maximum revenue is $18250 per night.
c. Charge $150 per room, maximum revenue is $10000 per night.
d. Charge $200 per room, maximum revenue is $16000 per night.
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