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6 Nov 2019
7. [10 points] Maximum Profit: A furniture store can sell 40 chairs per week at a price of $80 each. The manager estimates that for each $5 price reduction she can se more chairs per week. The chairs cost the store $30 each. If stands for the nu of $5 price reductions, find the price of the chairs and the quantity that maximize profit. Hint: Find the price pz) and the quantity sold qx) as functions of d. Revernost price times quantity, cost is the cost per item times quantity, profit is revenue m the IS Show transcribed image text
7. [10 points] Maximum Profit: A furniture store can sell 40 chairs per week at a price of $80 each. The manager estimates that for each $5 price reduction she can se more chairs per week. The chairs cost the store $30 each. If stands for the nu of $5 price reductions, find the price of the chairs and the quantity that maximize profit. Hint: Find the price pz) and the quantity sold qx) as functions of d. Revernost price times quantity, cost is the cost per item times quantity, profit is revenue m the IS
Show transcribed image text Casey DurganLv2
26 Aug 2019