To Find: The price that will maximize the income of the store.
Answer to Problem 11CYU
The maximum value of income is
Explanation of Solution
Given:
The store rents 1400 videos per week at $2.25 per videos.
The estimate is that 100 less videos are rented for each 0.25 dollar increase in the price.
Calculation:
Consider the number of price that increases the income is
Then,
Since, the number of videos sold is
The above equation is the equation of the parabola with the coefficient of the
Consider the x coordinate is,
Then, the function is,
Thus, the maximum value of income is
Chapter 4 Solutions
Glencoe Algebra 2 Student Edition C2014
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