Carlos accepts a new job with a starting salary of 46000. He will earn a 5 percent increase after each year. What will be his sa
1 answer:
You might be interested in
A. Total Revenue (R) is equal to price per dive (P) multiplied by number of customers (C). We can write .
Per price increase is $20. So four price increase is $. Hence, price per dive is 100+80=$180.
Also per price increase, 2 customers are reduced from 30. For 4 price increases, customers are reduced. Hence, total customers is
.
So Total Revenue is:
B. Each price increase is 20. So x price increase is 20x. Hence, new price per dive would be equal to the sum of 100 and 20x.
Also per price increase, customers decrease by 2. So per x price increases, the customer decrease is 2x. Hence, new number of customers is the difference of 30 and 2x.
Therefor we can write the quadratic equation for total revenue as the new price times the new number of customers.
C. We are looking for the point (x) at which the equation modeled in part (B) gives a maximum value of revenue (y). That x value is given as , where a is the coefficient of
and b is the coefficient of x. So we have,
That means, the greatest revenue is achieved after 5 price increases. Each price increase was 20, so 5 price increase would be . So the price that gives the greatest revenue is
.
ANSWERS:
A. $3960
B.
C. $200
If Ava has 34 candy bars, and each box can hold 5 bars, then we need to find out how many boxes that are filled up.
Divide the number of candy bars (34), by the number each box can hold (5)
Since we cannot have 6.8 boxes, we have to round down to 6.
To check our answer, we multiply the number of boxes (6), by the number of bars in each box (5), to get 30. We add Ava's extra bars (4), and we get the number we started off with: 34. This proves our answer is correct!