document.write( "Question 1060581: Jack & Jill charge $20 for a custom painted water pail. They currently sell 80 water pails a month. They estimate that for each $1 decrease in the cost of the pails, they could sell 15 more pails a month. What price will maximize Jack & Jill's income? If they charges this price, how much income should they expect? \n" ); document.write( "
Algebra.Com's Answer #675502 by josmiceli(19441)\"\" \"About 
You can put this solution on YOUR website!
Let \"+n+\" = the number of $1 decreases in price
\n" ); document.write( "Let \"+I+\" = the total income from sales of water pails
\n" ); document.write( "-------------------------------
\n" ); document.write( "[ income ] = [ price per pail ] x [ number of pails sold ]
\n" ); document.write( "\"+I+=+%28+20+-+1%2An+%29%2A%28+80+%2B+15n+%29+\"
\n" ); document.write( "\"+I+=+1600+-+80n+%2B+300n+-+15n%5E2+\"
\n" ); document.write( "\"+I+=+-15n%5E2+%2B+220n+%2B+1600+\"
\n" ); document.write( "The n-value of the vertex ( max in this case ) is:
\n" ); document.write( "\"+n%5Bv%5D+=+-b%2F%282a%29+\"
\n" ); document.write( "\"+a+=+-15+\"
\n" ); document.write( "\"+b+=+220+\"
\n" ); document.write( "\"+n%5Bv%5D+=+-220%2F%28+2%2A%28-15%29+%29+\"
\n" ); document.write( "\"+n%5Bv%5D+=+7.333+\"
\n" ); document.write( "-----------------------------
\n" ); document.write( "Going back to original equation:
\n" ); document.write( "[ price/pail ] = \"+20+-+n+\"
\n" ); document.write( "The price that maximizes income is:
\n" ); document.write( "\"+20+-+7.333+=+12.333+\"
\n" ); document.write( "$12.33
\n" ); document.write( "-----------------------------
\n" ); document.write( "The max income at this price is:
\n" ); document.write( "\"+I+=+-15n%5E2+%2B+220n+%2B+1600+\"
\n" ); document.write( "\"+I%5Bmax%5D+=+-15%2A7.333%5E2+%2B+220%2A7.333+%2B+1600+\"
\n" ); document.write( "\"+I%5Bmax%5D+=+-806.593+%2B+1613.26+%2B+1600+\"
\n" ); document.write( "\"+I%5Bmax%5D+=+2406.67+\"
\n" ); document.write( "$2,406.67
\n" ); document.write( "-----------------------
\n" ); document.write( "here's the plot:
\n" ); document.write( "\"+graph%28+600%2C+400%2C+-2%2C+25%2C+-300%2C+2600%2C+-15x%5E2+%2B+220x+%2B+1600+%29+\"\r
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