Question: In 2 0 2 0 2 0 2 0 , ColeCole & Sons, a small environmental - testing firm, performed 1 2 comma 2 0

In 20202020, ColeCole & Sons, a small environmental-testing firm, performed 12 comma 20012,200 radon tests for $ 280$280 each and 16 comma 60016,600 lead tests for $ 190$190 each. Because newer homes are being built with lead-free pipes, lead-testing volume is expected to decrease by 1313% next year. However, awareness of radon-related health hazards is expected to result in a 66% increase in radon-test volume each year in the near future. Jim ColeCole feels that if he lowers his price for lead testing to $ 170$170 per test, he will have to face only a 77% decline in lead-test sales in 20212021.

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