SOLUTION: Each year a school’s booster club holds a dance to raise funds. In the past, the profit the club makes after paying for the bank and other costs has been modeled by the function P(

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Question 389250: Each year a school’s booster club holds a dance to raise funds. In the past, the profit the club makes after paying for the bank and other costs has been modeled by the function P(t)= -16t² + 800t – 4000, where t represents the ticket price in dollars.
a. What ticket price gives the maximum profit?
b. What is the maximum profit?
c. What ticket price(s) would generate a profit of $5424?

Found 2 solutions by ewatrrr, CharlesG2:
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

Hi,
P(t)= -16t² + 800t – 4000
the vertex form of a parabola, where(h,k) is the vertex
P(t)= -16(t^2 -50t)-4000) Completing the square to find the vertex
P(t)= -16[(t-25)^2 -625] - 4000
P(t)= -16(t-25)^2 + 10,000 - 4000
P(t)= -16(t-25)^2 + 6000 vertex is (25,6000) OR ordered pair(t,P(t))
parbola opens downward (a<0), vertex is the maximum point for P(t)
a. What ticket price gives the maximum profit? $25
b. What is the maximum profit? $6000
c. What ticket price(s) would generate a profit of $5424?
P(t)= -16t² + 800t – 4000
5424 = -16t² + 800t – 4000
-16t^2 + 800 - 9424 = 0



t = $31
t = $19
Answer by CharlesG2(834)   (Show Source): You can put this solution on YOUR website!
Each year a school’s booster club holds a dance to raise funds. In the past, the profit the club makes after paying for the bank and other costs has been modeled by the function P(t)= -16t² + 800t – 4000, where t represents the ticket price in dollars.
a. What ticket price gives the maximum profit?
b. What is the maximum profit?
c. What ticket price(s) would generate a profit of $5424?

P(t) = -16t^2 + 800t - 4000
standard form parabola is y = ax^2 + bx + c,
here a = -16, b = 800, c = -4000,
vertex x-coordinate = -b/2a = -800/(2 * -16) = -800/-32 = 25
P(25) = -16 * 25^2 + 800 * 25 - 4000
P(25) = -16 * 625 + 20000 - 4000
P(25) = -10000 + 20000 - 4000
P(25) = 10000 - 4000 = 6000
$25 dollar ticket price gives maximum profit of $6000
for $5424 profit:
5424 = -16t^2 + 800t - 4000
0 = -16t^2 + 800t - 9424
0 = t^2 - 50t + 589




t = 62/2 or t = 38/2
t = 31 or t = 19
either $19 or $31 dollar ticket prices

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