A gift shop sells 140 wind chimes per month at $90 each. The owners estimate that for each $5 increase in price, they will sell
7 fewer wind chimes per month. Find the price per wind chime that will maximize revenue.
1 answer:
Answer: $95
Step-by-step explanation:
Te new price will be 90 + 5x, if the price increases "x" times
The number of wind chimes sold per month will become 140 - 7x

Therefore, if the price becomes (90 + 5(1)) = $95 per wind chime, then the revenue will be maximum
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