SOLUTION: A restaurant sells 330 sandwiches each day. For each $0.25 decrease in price, the restaurant sells about 15 more sandwiches. How much should the restaurant charge to maximize daily
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Question 995488: A restaurant sells 330 sandwiches each day. For each $0.25 decrease in price, the restaurant sells about 15 more sandwiches. How much should the restaurant charge to maximize daily revenue? What is the maximum daily revenue? (All sandwiches are $6).
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the number of $.25 decreases in price
Let = daily revenue in dollars
given:
is at where
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When , is maximum
The maximm revenue is $1,983.75
with 1 decrease in price
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check:
Here's the plot:
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To further check:
If , then should be less
than
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OK
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