document.write( "Question 784955: A bus company carries about 40 000 riders per day for a fee of $1.00. A survey indicates that if the fare is decreased , the number of riders will increase by 2500 for every 5 cents decrease. What fare will result in the greatest reverse?\r
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document.write( "Can you please help me out and can you show all the steps it would really help me understand. Thanks so much in advance:) \n" );
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Algebra.Com's Answer #477305 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! A bus company carries about 40 000 riders per day for a fee of $1.00. \n" ); document.write( " A survey indicates that if the fare is decreased, the number of riders will increase by 2500 for every 5 cents decrease. \n" ); document.write( "What fare will result in the greatest reverse? \n" ); document.write( "; \n" ); document.write( "I'm not sure what \"reverse\" means here. Perhaps you mean \"revenue\". \n" ); document.write( ": \n" ); document.write( "Let x = number of 5 cent decreases and no. of 2500 passenger increases \n" ); document.write( ": \n" ); document.write( "Find the fare that gives maximum revenue \n" ); document.write( "Revenue = fare * no. of passengers \n" ); document.write( "R(x) = (1-.05x)(40000+2500x) \n" ); document.write( "FOIL \n" ); document.write( "R(x) = 40000 + 2500x - 2000x - 125x^2 \n" ); document.write( "Write as a quadratic equation \n" ); document.write( "y = -125x^2 + 500x + 40000 \n" ); document.write( "Max y occurs at the axis of symmetry, find that using x = -b/(2a) \n" ); document.write( "x = \n" ); document.write( "x = \n" ); document.write( "x = +2 fare decreases $.90 fare \n" ); document.write( ": \n" ); document.write( "That would give a increase in passengers of 5000 \n" ); document.write( "Max revenue: .90 *(40000+5000) = $40,500 max revenue \n" ); document.write( ": \n" ); document.write( ": \n" ); document.write( "You can prove this to yourself, find the revenue using $.85 and $.95 \n" ); document.write( " |