A 300-room hotel in Las Vegas is filled to capacity every night at $80 a room. For

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A 300-room hotel in Las Vegas is filled to capacity every night at $80 a room. For each $1 increase in rent, 3 fewer rooms are rented. If each rented room costs $10 to service per day, how much should the management charge for each room to maximize gross profit? What is the maximum gross profit?
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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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