Concept explainers
To calculate:
The maximize daily revenue and its charges
Answer to Problem 58E
Maximize daily revenue and its charges are
Explanation of Solution
Given information:
Price of the pair of basketball shoes:
Sell per day:
Calculation:
Consider,
So, the new price of the shoes pair is calculated as:
The new sell of the shoes pair per day is calculated as:
The new revenue of the athletic store is calculated as:
Here, need to find maximize the revenue use the above new revenue equation to make it as complete square:
So, make
On solving this quadratic eq. get values of
Maximize value of
Hence, maximize daily revenue is calculated as:
Now, the charges need to maximize daily revenue is calculated as:
Chapter 3 Solutions
Big Ideas Math A Bridge To Success Algebra 2: Student Edition 2015
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