document.write( "Question 1085633: A fundraising company charges $200 plate for a local charity and sells 300 tickets. For every $10 increase they will lose 5 ticket sales. What would they charge to make a maximum profit and what is the profit? \n" ); document.write( "
Algebra.Com's Answer #699721 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! Let \n" ); document.write( "increases in the ticket price \n" ); document.write( "Let \n" ); document.write( "------------------------------ \n" ); document.write( "[ profit ] = [ tickets sold ] x [ income from selling 1 ticket ] \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "---------------------------- \n" ); document.write( "This is a parabola with a maximum. Use the formula for \n" ); document.write( "the ( n, P ) of the vertex ( maximum in this case ) \n" ); document.write( "--------------------------------------------------- \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "So, for a maximum profit, they would charge: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "$400 / plate \n" ); document.write( "------------------------------- \n" ); document.write( "To find the profit, \n" ); document.write( "back into the equation: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "The maximum profit is $1600 \n" ); document.write( "----------------------------- \n" ); document.write( "Feel free to get a 2nd opinion if needed \n" ); document.write( " \n" ); document.write( " |