document.write( "Question 518396: \"A charter flight club charges its members $400 per year. But, for each new member in excess of 60, the charge for every member is reduced by $5. What number of members leads to a maximum revenue?\" \n" ); document.write( "
Algebra.Com's Answer #345196 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! \"A charter flight club charges its members $400 per year. \n" ); document.write( " But, for each new member in excess of 60, the charge for every member is reduced by $5. \n" ); document.write( " What number of members leads to a maximum revenue?\" \n" ); document.write( ": \n" ); document.write( "Let x = no. of $5 decrease for each member \n" ); document.write( "and \n" ); document.write( "Let x = increase in membership \n" ); document.write( ": \n" ); document.write( "f(x) = (400-5x)(60+x) \n" ); document.write( "FOIL \n" ); document.write( "f(x) = 24000 + 400x - 300x - 5x^2 \n" ); document.write( "A quadratic equation \n" ); document.write( "f(x) = -5x^2 + 100x + 24000 \n" ); document.write( "Max revenue will occur at the axis to symmetry, x = -b/(2a) \n" ); document.write( "a = -5, b = 100 \n" ); document.write( "x = \n" ); document.write( "x = +10 \n" ); document.write( "A decrease of 5(10) = $50 giving us $350 per member \n" ); document.write( "An increase of 10 people giving us 70 members for max revenue \n" ); document.write( " |