Problema Solution
A company manufactures for home diskettes for home computers. It know from experience that the number of diskettes it can sell each day, x, is related to the price "p" per diskette by the equation x=1,800-300p. At what price should the company sell the diskettes if it wants the daily revenue to be $2,400? (HINT: The equation for revenue is R=xp).
Answer provided by our tutors
The equation for revenue is R=xp.
Plug x=1,800-300p into R=xp
R = (1,800-300p)p
and R = $2,400
(1,800-300p)p = 2400
by solving we find
p1 = $2
p2 = $4
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the company should sell the tickets for $2 or $4 per diskette.