document.write( "Question 980573: A health club currently charges its 2,000 clients monthly membership dues of $44. The board of directors decides to increase the monthly membership dues. Market research shows that each $1 increase in dues will result in the loss of 7 clients. How much should the club charge each month to optimize the revenue from monthly dues? Round to the nearest cent. \n" ); document.write( "
Algebra.Com's Answer #601751 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! A health club currently charges its 2,000 clients monthly membership dues of $44. \n" ); document.write( " The board of directors decides to increase the monthly membership dues. \n" ); document.write( " Market research shows that each $1 increase in dues will result in the loss of 7 clients. \n" ); document.write( " How much should the club charge each month to optimize the revenue from monthly dues? \n" ); document.write( " Round to the nearest cent. \n" ); document.write( ": \n" ); document.write( "let x = no. of $1 increases in dues and no. of 7 client losses \n" ); document.write( ": \n" ); document.write( "Write a revenue equation; Rev = monthly charge * no. of clients \n" ); document.write( "R(x) = (44 + x)*(2000-7x) \n" ); document.write( "FOIL \n" ); document.write( "R(x) = 88000 - 308x + 2000x - 7x^2 \n" ); document.write( "R(x) = -7x^2 + 1692x + 88000 \n" ); document.write( "A quadratic equation; the max will be at the axis of symmetry x = -b/(2a) \n" ); document.write( "x = \n" ); document.write( "x = \n" ); document.write( "x = $120.86 increase; 44 + 120.86 = $164.86 a month dues for max revenue \n" ); document.write( ": \n" ); document.write( "That seem unrealistic, but there it is. \n" ); document.write( " |