To find: The correct option of the price that will maximise the income of the store.
Answer to Problem 1STP
The correct answer is C.
Explanation of Solution
Given:
The given information is:
A rental store charges
The store rents about
So the new price is
The new number of clients is
The function which determines the income is given as:
The graph of the above function is given as:
From the above graph it is clear that the above function attains its maximum value at
The new price to maximise the income is given as:
So the price that will maximise the income of the store is
Therefore the correct answer is C.
Chapter 5 Solutions
Algebra 2
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