SOLUTION: a company has found that the daily demand for its product varies inversely as the price of the product. when the price is $24, the demand is 1,000 units. what is the demand if the

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Question 296466: a company has found that the daily demand for its product varies inversely as the price of the product. when the price is $24, the demand is 1,000 units. what is the demand if the price is increased to $30? set up a variation problem and find the value of k. then solve for the demand when the price is $30
Answer by stanbon(75887) About Me  (Show Source):
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a company has found that the daily demand for its product varies inversely as the price of the product.
d = k/p
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Find "k":
when the price is $24, the demand is 1,000 units.
1000 = k/24
k = 24000
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So the relation is d = 24000/p
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what is the demand if the price is increased to $30?
d = 24000/30
d = 800
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Cheers,
Stan H.
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set up a variation problem and find the value of k. then solve for the demand when the price is $30
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