document.write( "Question 308886: assume that i sell 66 sandwiches when selling them for $1. if i lose 5 customers each time i raise the price $.25, what is the price that will produce the higherst amount of sales? what is the amount of money i will bring in? solve using quadratics. \n" ); document.write( "
Algebra.Com's Answer #220893 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! assume that i sell 66 sandwiches when selling them for $1. if i lose 5 customers each time i raise the price $.25, what is the price that will \n" ); document.write( " produce the highest amount of sales? \n" ); document.write( " what is the amount of money i will bring in? solve using quadratics. \n" ); document.write( ": \n" ); document.write( "Let x = no. of .25 increases & no. of 5 customer decreases \n" ); document.write( ": \n" ); document.write( "Revenue = price * no. sold \n" ); document.write( "R(x) = (1 + .25x)(66 - 5x) \n" ); document.write( "FOIL \n" ); document.write( "R(x) = 66 - 5x + 16.5x - 1.25x^2 \n" ); document.write( "R(x) = 66 + 11.5x - 1.25x^2 \n" ); document.write( "A quadratic equation \n" ); document.write( "y = -1.25x^2 + 11.5x + 66 \n" ); document.write( "Find the axis of symmetry; x = -b/(2a), a=-1.25, b=+11.5 \n" ); document.write( "x = \n" ); document.write( "x = \n" ); document.write( "x = 4.6 ~ 5, have to have an integer \n" ); document.write( "Price for max revenue: 1 + 5(.25) = $2.25 \n" ); document.write( "No. sold: 66 - 5(5) = 41 sold \n" ); document.write( ": \n" ); document.write( "Find the max revenue; substitute 5 for x in the quadratic equation \n" ); document.write( "R(x) = -1.25(5^2) + 11.5(5) + 66 \n" ); document.write( "R(x) = -1.25(25) + 57.5 + 66 \n" ); document.write( "R(x) = -32.25 + 57.5 + 66 \n" ); document.write( "R(x) = $92.25 \n" ); document.write( ": \n" ); document.write( "Check: Price * no. sold \n" ); document.write( "2.25 * 41 = 92.25 max sales \n" ); document.write( " \n" ); document.write( " |