What must selling price be to maximize profit, Mathematics

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What must selling price be to maximize profit

The student makes and sells hacky-sacks at beach during summer months. Material for every hacky-sack costs her $2 and she has been selling 3 per day at $5 each. She has been wondering whether or not to lower the prices, so she takes the survey and finds that for each dollar decrease she would gain 3 sales per day. What must her selling price be to maximize profits?

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Request for Solution File

Ask an Expert for Answer!!

Mathematics: What must selling price be to maximize profit

Reference No:- TGS0849988

Have a Question? (oR Write a Review)

Recent Questions Asked Mathematics

Q : How many of the triangles are possible

Q : State amount of material to make box as function of length

Q : Determine the charge per cubic foot

Q : Find year in which amount of carbon dioxide doubled

Q : What must selling price be to maximize profit

Q : Compute area of rectangle which inscribed in right triangle

Q : Determine average number of people per square mile

Q : When the ball reaches highest point of its path

Q : Write linear functions in form for cost-revenue and profit

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Request for Solution File

Ask an Expert for Answer!!

Mathematics: What must selling price be to maximize profit

Reference No:- TGS0849988

Recent Questions Asked Mathematics

Q : How many of the triangles are possible

Q : State amount of material to make box as function of length

Q : Determine the charge per cubic foot

Q : Find year in which amount of carbon dioxide doubled

Q : What must selling price be to maximize profit

Q : Compute area of rectangle which inscribed in right triangle

Q : Determine average number of people per square mile

Q : When the ball reaches highest point of its path

Q : Write linear functions in form for cost-revenue and profit

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