When Megastore sells jumbo packages of toilet paper for $20 each, their sales are 1000 packages per day. If they increase the price by $1, their sales decrease by 100 sales per day. Assuming that the demand for the jumbo packages depends linearly on the price, what price gives Megastore the maximum revenue? Round your answer to the nearest cent, if necessary. per package %24

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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When Megastore sells jumbo packages of toilet paper for $20 each, their sales are 1000 packages per day. If they increase the price by $1, their sales decrease by 100 sales per day. Assuming
that the demand for the jumbo packages depends linearly on the price, what price gives Megastore the maximum revenue? Round your answer to the nearest cent, if necessary.
per package
%24
Transcribed Image Text:When Megastore sells jumbo packages of toilet paper for $20 each, their sales are 1000 packages per day. If they increase the price by $1, their sales decrease by 100 sales per day. Assuming that the demand for the jumbo packages depends linearly on the price, what price gives Megastore the maximum revenue? Round your answer to the nearest cent, if necessary. per package %24
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