A transit company carries about 80 000 riders per day for a fare of $1.25. To obtain more revenue, the management plans to incre

Question

2 years ago

12

A transit company carries about 80 000 riders per day for a fare of $1.25. To obtain more revenue, the management plans to incre

ase the fare. It estimates that for every 5 cent increases in fare, it will lose 1000 riders. What fare would result in the greatest revenue and what would the maximum revenue be?

Mathematics

1 answer:

r-ruslan [8.4K] · Answer 1 · 2022-09-09T14:34:41+03:00

r-ruslan [8.4K]2 years ago

8 0

137 812.5 is the answer