When a management training company prices its seminar on management techniques at $400 per person, 1,000 people will attend the seminar. The company estimates that for each $5 reduction in price, an additional 20 people will attend the seminar. Let x represent the number of $5 reductions. We need to maximize [Select] times the number of seminar tickets sold. which is the price per seminar ticket

Advanced Engineering Mathematics
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Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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When a management training company prices its seminar on management techniques at
$400 per person, 1,000 people will attend the seminar. The company estimates that for each
$5 reduction in price, an additional 20 people will attend the seminar.
Let x represent the number of $5 reductions.
Transcribed Image Text:When a management training company prices its seminar on management techniques at $400 per person, 1,000 people will attend the seminar. The company estimates that for each $5 reduction in price, an additional 20 people will attend the seminar. Let x represent the number of $5 reductions.
We need to maximize
[Select]
times the number of seminar tickets sold.
which is the price per seminar ticket
Transcribed Image Text:We need to maximize [Select] times the number of seminar tickets sold. which is the price per seminar ticket
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