SOLUTION: A club sells 1200 shirts a year at $20. They want to increase the price & a survey shows for every $2 increase there will be 60 less shirts sold each year. What should the selling

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Question 22824: A club sells 1200 shirts a year at $20. They want to increase the price & a survey shows for every $2 increase there will be 60 less shirts sold each year. What should the selling price be to maximize the revenue?
help!! can't figure this one out at all. Thanks.
Answer by wuwei96815(245) About Me  (Show Source):
You can put this solution on YOUR website!
I am not sure of the easiest way to solve this, but it can be solved by what I will call math longhand.

1200x20=24,000
1140x22=25,080
1080x24=25,920
1020x26=26,520
960x28=26,880
900x30=27,000
840x32=26,880

As you can see from this table, revenue is maximize at $30.