A keen math student has invented the new card game Cardle, which requires a special pack...
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A keen math student has invented the new card game “Cardle”, which requires a special pack of cards to be purchased on Amazon.ca. The company currently sells 1000 packs of cards per day at a price of $5 per pack. It also estimates that for each $0.02 reduction in price, 10 more packs a day will be sold. Under these conditions, what is the maximum possible income per day, and what price per pack of cards will produce this income? Make a clear and concise final statement and include how much extra $ they make with this new price structure. [6 marks] A keen math student has invented the new card game “Cardle”, which requires a special pack of cards to be purchased on Amazon.ca. The company currently sells 1000 packs of cards per day at a price of $5 per pack. It also estimates that for each $0.02 reduction in price, 10 more packs a day will be sold. Under these conditions, what is the maximum possible income per day, and what price per pack of cards will produce this income? Make a clear and concise final statement and include how much extra $ they make with this new price structure. [6 marks]
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Answer For each 002 reduction in price 10 more packs are sold I... View the full answer
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
Posted Date:
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