SOLUTION: Charlie runs a book rental business. He currently charges $3 per book and rents out an average of 38 books a day.
According to a study, for every 50¢ increase in rental price,
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Question 1194077: Charlie runs a book rental business. He currently charges $3 per book and rents out an average of 38 books a day.
According to a study, for every 50¢ increase in rental price, the average business can expect to lose 4 rentals a day.
Complete the equation that models this scenario, where b(x) is the revenue generated and x is the number of 50¢ price increases.
b(x) = -
x2 +
x +
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
x = number of 50-cent price increases
3+.50x = price per rental after x price increases
38-4x = number of rentals per day after x price increases
Revenue is number of rentals times price per rental
ANSWER:
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