Question 1151555

A sporting goods store sells 90 fishing rods in a season for $200 each. Each $10 decrease in price would result in five more rods being sold. Calculate the number of rods sold and the selling price to generate a revenue of $17 600 from sales of fishing rods.
<pre>Four (4) $10 price reductions or a $40 reduction, or a <b><u>reduced price of $160 (200 - 40)</b></u> will yield sales of 20 (4 * 5) more rods or a <b><u>total of 110 (90 + 20) rods</b></u> in order to generate $17,600 in revenue.