Question 253321: A transit company has 500 passengers daily, each currently paying a $2.25 fare. For each $ 0.50 in the price, the company estimates that it will lose 100 passengers daily. If the company must be paid at least $ 15275 each day to stay in business, what minumum fare must charge to produce this amount of revenue
Answer by ankor@dixie-net.com(22740)   (Show Source):
You can put this solution on YOUR website! A transit company has 500 passengers daily, each currently paying a $2.25 fare.
For each $ 0.50 in the price, the company estimates that it will lose 100 passengers daily.
If the company must be paid at least $ 15275 each day to stay in business, what minimum fare must charge to produce this amount of revenue?
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There is something wrong with this problem, just looking at, if you wish to have $15,000 from 500 passengers, you have to charge them $30
Clearly this does not make sense
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