Find the price that produces the maximum profit on the range from $200 to $700. The manufacturer should set the price on the new blender at $ for a maximum profit of $ (Type whole numbers.)
Find the price that produces the maximum profit on the range from $200 to $700. The manufacturer should set the price on the new blender at $ for a maximum profit of $ (Type whole numbers.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 11PPS
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Transcribed Image Text:A manufacturer of kitcken appliances is preparing to set the price on a new blender. Implement the given model on a spreadsheet and construct a one-way data table to estimate the price for which
profit is maximized.
Total Profit=-17,520 +2519P-2P2
Find the price that produces the maximum profit on the range from $200 to $700.
The manufacturer should set the price on the new blender at $
for a maximum profit of $
(Type whole numbers.)
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