Question: Please help me with this problem A deli sells 720 sandwiches per day at a price of $6 each. (A) A market survey shows that

Please help me with this problem

A deli sells 720 sandwiches per day at a price of $6 each. (A) A market survey shows that for every $0.10 reduction in the price, 20 more sandwiches will be sold. How much should the deli charge in order to maximize revenue? The deli should charge $ 4.80 for a sandwich to maximize revenue. (Round to the nearest cent as needed.) (B) A different market survey shows that for every $0.20 reduction in the original $6 price, 5 more sandwiches will be sold. Now how much should the deli charge in order to maximize revenue? Now the deli should charge $ for a sandwich to maximize revenue. (Round to the nearest cent as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

A deli sells 720 sandwiches per day at a price of $6 each (A) A market survey shows that for every $0.10 reduction in the price, 20 more sandwiches will be sold. How much should the deli charge in...

A deli sells 720 sandwiches per day at a price of $6 each. (A) A market survey shows that for every $0.10 reduction in the price, 40 more sandwiches will be sold. How much should the deli charge in...

4. See the graph to the right. List the open intervals where the function is concave up and concave down. Concave up: Concave Down: 51.5) Find any inection points (just the :rvalues} of the function...

Please help with questions. Everything has been provided, nothing is missing A company manufactures and sells x cellphones per week. The weekly pricedemand and cost equations are given below. p = 600...

A deli sells 480 sandwiches per day at a price of $6 each. (A) A market survey shows that for every $0.10 reduction in the price, 20 more sandwiches will be sold. How much should the deli charge in...

I have the answer for AI want the answer for (B) please A deli sells 480 sandwiches per day at a price of $4 each. 4 (A) A market survey shows that for every $0.10 reduction in the price, 20 more...

. . n . Homework: Section 4.6 HW \"95"\" 4. 4 "W Score 5%. 5 of 10 points Part40f4 6) Points of1 A company manufactures and sells x cellphones per week' The weekly price-demand and cost equations are...

w the absolute maximum and minimum, if either exists, for the function on the indicated interval. f(x)=2x3 -24x2 +42x+3 (AH-1, 9] (EH-1: 7] (CH5, 9] (A) Find the absolute maximum. Select the correct...

Find the absolute maximum and minimum, if either exists, for the function on the indicated interval. f(x) =2x -24x + 42x + 3 (A) [- 1, 9] (B) [ - 1, 7] (C) [5, 9] (A) Find the absolute maximum....

Jean and Praneel are Senior Auditors at PWCC Charted Accountants (PWCC). Both started employment at PWCC five years ago as Graduate Accountants. Their job performances are extremely overwhelming and...

What is the role of interest groups in the political process?

How much is the penalty for withdrawing funds from your IRA early? 1 2 % . 1 5 % . 1 0 % . 2 0 % .

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...