Question 886633: A friend of mine who loves maths problems asked me to solve this but I must confess I am completely stuck! Any help would be greatly appreciated.
The problem:
When the admission price to a game is £0.50, 10,000 people attend. For every increase of £0.05 in the admission price, 200 fewer people attend. Find the admission price that yields the largest income. What is the largest income?
Many thanks in advance for your help.
Answer by MathTherapy(10551)   (Show Source):
You can put this solution on YOUR website!
A friend of mine who loves maths problems asked me to solve this but I must confess I am completely stuck! Any help would be greatly appreciated.
The problem:
When the admission price to a game is £0.50, 10,000 people attend. For every increase of £0.05 in the admission price, 200 fewer people attend. Find the admission price that yields the largest income. What is the largest income?
Many thanks in advance for your help.
Admission price that yields MAXIMUM income: £
Maximum income: £
You can do the check!!
If you need a complete and detailed solution, let me know!!
Send comments, “thank-yous,” and inquiries to “D” at MathMadEzy@aol.com.
Further help is available, online or in-person, for a fee, obviously.
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