A strip mall generates $215,000 in effective rental income and $3,000 in other income. The same mall has $102,000 in operating e
1 answer:
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Answer:
$1571
Step-by-step explanation:
If we assume that y is profit in dollars, the maximum value of y is revealed by a graph to be ...
ymax = $1571
The maximum profit the company can make is $1571 at a selling price of $45 each.
_____
The function can be written in vertex form as ...
y = -(x^2 -90x) -454
y = -(x^2 -90x +45^2) -454 +45^2
y = -(x -45)^2 +1571
Because the leading coefficient is negative, we know this vertex represents a maximum. (x, y) = (45, 1571) at the vertex. Maximum profit is $1571.
