document.write( "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.
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document.write( "a. What ticket price gives the maximum profit?
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document.write( "b. What is the maximum profit?
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document.write( "c. What ticket price(s) would generate a profit of $5424?
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Algebra.Com's Answer #275786 by CharlesG2(834)![]() ![]() ![]() 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. \n" ); document.write( "a. What ticket price gives the maximum profit? \n" ); document.write( "b. What is the maximum profit? \n" ); document.write( "c. What ticket price(s) would generate a profit of $5424? \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "P(t) = -16t^2 + 800t - 4000 \n" ); document.write( "standard form parabola is y = ax^2 + bx + c, \n" ); document.write( "here a = -16, b = 800, c = -4000, \n" ); document.write( "vertex x-coordinate = -b/2a = -800/(2 * -16) = -800/-32 = 25 \n" ); document.write( "P(25) = -16 * 25^2 + 800 * 25 - 4000 \n" ); document.write( "P(25) = -16 * 625 + 20000 - 4000 \n" ); document.write( "P(25) = -10000 + 20000 - 4000 \n" ); document.write( "P(25) = 10000 - 4000 = 6000 \n" ); document.write( "$25 dollar ticket price gives maximum profit of $6000 \n" ); document.write( "for $5424 profit: \n" ); document.write( "5424 = -16t^2 + 800t - 4000 \n" ); document.write( "0 = -16t^2 + 800t - 9424 \n" ); document.write( "0 = t^2 - 50t + 589 \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "t = 62/2 or t = 38/2 \n" ); document.write( "t = 31 or t = 19 \n" ); document.write( "either $19 or $31 dollar ticket prices\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |