The price of the chairs and the quantity that maximizes profit is to sell 45 chairs at $75 each.
<h3><u>Profit</u></h3>
Given that a furniture store can sell 40 chairs per week at a price of $80 each, and the manager estimates that for each and $5 price reduction, she can sell five more chairs per week, and the chairs cost the store $30 each, to determine the price of the chairs and the quantity that maximize profit, the following calculation must be made:
- 40 x (80-30) = 2000
- 45 x (75-30) = 2025
- 50 x (70-30) = 2000
- 55 x (65-30) = 1925
Therefore, the price of the chairs and the quantity that maximizes profit is to sell 45 chairs at $75 each.
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Answer:
The Pythagorean theorem states that a2 + b2 = c2 in a right triangle where c is the longest side. You can use this equation to figure out the length of one side if you have the lengths of the other two.
<h3>
Answer: -4</h3>
Work Shown:
f(x) = 3x + 2
f(-2) = 3(-2) + 2 ... each x replaced with -2
f(-2) = -6 + 2
f(-2) = -4
Answer:
y = -1/3
Step-by-step explanation:
Answer:
8 units²
Step-by-step explanation:
2(2) + 2(2) = 8