A hot dog vendor at a local fair averages 140 hot dogs per day when the price is $3. If for every $0.25 increase in the price, 1
0 fewer hot dogs are sold on average, what price maximizes the revenue?
$4.25
$5.75
$3.75
$3.25
1 answer:
Answer:
I think it is $3.25
Step-by-step explanation:
<u>140*3=420- </u>original price with 140 sold each day
130*3.25=422.5- 10 less hotdogs sold with $0.25 price increase
110*3.75=412.5- 30 less hotdogs sold with $0.75 price increase
90*4.25=391.5- 50 less hotdogs sold with $1.25 price increase
60*5.75=345-80 less hotdogs sold with $2.75 price increase
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