SOLUTION: Good day! please help me with this problem... i'm kind of slow in math. A survey shows that 60000 people will buy a certain type of sandwich in a period of one week if the cost is

Question 206241: Good day! please help me with this problem... i'm kind of slow in math.
A survey shows that 60000 people will buy a certain type of sandwich in a period of one week if the cost is 40. Suppose that for every 2.50 added to the price, 2000 fewer people will buy the sandwich
a.) What price will give the greatest revenue for the week?
b.) What is the approximate maximum possible profit for the week if the food supplier spreads approximately 1.5 million pesos to ensure a supply of the sandwiches for one week?
Answer by RAY100(1637) (Show Source): You can put this solution on YOUR website!
Let's just make a table
.
UNITS SOLD,,,,,,Unit Price,,,,,,,REVENUE
.
60,000,,,,,,,,,,,,,40,,,,,,,,,,,,,,2,400,000
.
50,000,,,,,,,,,,,,,52.5,,,,,,,,,,,,2,625,000
.
48,000,,,,,,,,,,,,,55,,,,,,,,,,,,,,2,640,000
.
46,000,,,,,,,,,,,,,57.5,,,,,,,,,,,,2,645,000,,,max
,
44,000,,,,,,,,,,,,,60,,,,,,,,,,,,,,2,640,000
.
42,000,,,,,,,,,,,,,62.5,,,,,,,,,,,,2,625,000
.
40,000,,,,,,,,,,,,,65,,,,,,,,,,,,,,2,600,000
.
30,000,,,,,,,,,,,,,77.5,,,,,,,,,,,,2,325,000
.
.Max Revenue is 2,645,000 at volume of 46,000,unit cost of 57.5
.
If supplier cost is 1,500,000,,,,net profit is 1,145,000
.

RELATED QUESTIONS
Good morning. Please help me solve this question. Approximately .25 of all glass bottles (answered by Cromlix)

can i please get help with this problem A survey found that one out of four people say... (answered by stanbon)

Can I get some help with this problem? Marketing survey shows that 90% of all households (answered by stanbon)

I'm trying to help my son with a math problem and am drawing a blank. The problem says... (answered by ankor@dixie-net.com)

an advertising survey of 3755 people found that 751 liked a new toothpaste. What percent (answered by scott8148)

To me, this looks like a question not to hard to solve, but yet I am stuck on it. It... (answered by stanbon)

Car Survey: In a survey of 19000 people who owned a certain type of car, 1045 said... (answered by math_tutor2020)

Can you please help me with this problem? I am a little slow so you will need to break... (answered by stanbon)

Good day Will u please assist me with. qiven x=-1 and y=3 1)(xy)^2+x^2y 2)if... (answered by Fombitz)