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A large dealership had been selling new cars at $6000 over the factory price. Sales have been averaging 80 cars per mouth. Because of inflation, the $6000 markup is going to be increased. The marketing manager has determined that, for every $100 increase, there will be one less car
sold each month. What should the new markup be in order to maximize the revenue?
Let x rep the number of $100 increases
the equation for revenu is (#sold)(price)
so (80-x)(6000+100x)
then, when you expand it its -100x^2+2000x+480 000
next, solve using the quadratic formula
is everything right?
Thanks
sold each month. What should the new markup be in order to maximize the revenue?
Let x rep the number of $100 increases
the equation for revenu is (#sold)(price)
so (80-x)(6000+100x)
then, when you expand it its -100x^2+2000x+480 000
next, solve using the quadratic formula
is everything right?
Thanks