This is the same type of question as your previous one dealing with rent increases.
Follow my steps, by defining the number of $16 rebates as n
for c) recall that profit = revenue - cost
so just subtract the cost expression from your expression from a) and repeat the steps.
A manufacture has been selling 1300 television sets a week at $420 each. A market survey indicates that for each $16 rebate offered to a buyer, the number of sets sold will increase by 160 per week.
a) Find the price p(x) of each television as a function of x, where x is the number of the television sets sold per week.
p(x)=
b) How large a rebate should the company offer, in order to maximize its revenue? in dollars
c) If the weekly cost function is 91000+140x, what value of the rebate maximizes the profit? in dollars
1 answer
1 answer