document.write( "Question 95509: The last question that i have is a word problem
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document.write( "The relationship between the number (n) of widgets a company sells each week and the price of (p) of each widget is given by the equation n=1800-100p and the gross revenue (R) from sales of widgets is calculated by R=np. Determine the maximum possible revenue and the optimum price that will produce that revenue? \n" );
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Algebra.Com's Answer #69500 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! The relationship between the number (n) of widgets a company sells each week and the price of (p) of each widget is given by the equation n=1800-100p and the gross revenue (R) from sales of widgets is calculated by R=np. Determine the maximum possible revenue and the optimum price that will produce that revenue? \n" ); document.write( "------------------ \n" ); document.write( "Revenue = np \n" ); document.write( "= (1800-100p)p \n" ); document.write( "= 1800p - 100p^2 \n" ); document.write( "This is a quadratic with a = -100, b = 1800 \n" ); document.write( "-------------------- \n" ); document.write( "The maximum Revenue occurs at p = -b/(2a) \n" ); document.write( "p = -1800/-200 = 9 (this price will give the maximum Revenue) \n" ); document.write( "maximum revenue will be R(9) = 1800*9-100*9^2 \n" ); document.write( "R(9) = 16200-8100 = $8100.00 \n" ); document.write( "================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |