When a wholesaler sold a product at $50 per unit, sales were 208 units per week. After a price increase of $5, however, the average number of units sold dropped to 188 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue?

When a wholesaler sold a product at $50 per unit, sales were 208 units per week. After a price increase of $5, however, the average number of units sold dropped to 188 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue?

Trigonometry (MindTap Course List)

10th Edition

ISBN:9781337278461

Author:Ron Larson

Publisher:Ron Larson

ChapterP: Prerequisites

SectionP.4: Linear Equations In Two Variables

Problem 8ECP

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Question

When a wholesaler sold a product at $50 per unit, sales were 208 units per week. After a price increase of $5, however, the average number of units sold dropped to 188 per week. Assuming that the
demand function is linear, what price per unit will yield a maximum total revenue?

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