Question 1171998: You will solve real-world problems related to physics and business by using quadratic equations involving maximum values, minimum values, and x-intercepts
3. You are in business and have a product that sells for $10 that 1000 people buy each month. You want to make a profit and wonder whether you should raise the price in increments of a dollar. For each dollar you raise the price, you lose 100 customers. How many dollars can you go up to maximize your profit, or should you go up at all?
Found 2 solutions by ikleyn, MathTherapy:
Answer by ikleyn(52803)   (Show Source):
Answer by MathTherapy(10552)  (Show Source):
You can put this solution on YOUR website! You will solve real-world problems related to physics and business by using quadratic equations involving maximum values, minimum values, and x-intercepts
3. You are in business and have a product that sells for $10 that 1000 people buy each month. You want to make a profit and wonder whether you should raise the price in increments of a dollar. For each dollar you raise the price, you lose 100 customers. How many dollars can you go up to maximize your profit, or should you go up at all?
How many dollars can you go up to maximize your profit revenue: 
Or, should you go up at all? 
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