Suppose a basketball team had a season of games with the following characteristics: Of all the games, 60% were at-home games. De
2 answers:
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Answer:
The maximum amount of profit the company can make is $854.08
Step-by-step explanation:
Let
x ----> the selling price of each widget
y ---> the amount of profit
we have
This is the equation of a vertical parabola open downward (because the leading coefficient is negative)
The vertex represent a maximum
so
The y-coordinate of the vertex represent the maximum amount of profit the company can make
using a graphing tool
Find out the vertex of the quadratic equation
The vertex is the point (25.83,854.08)
see the attached figure
The y-coordinate of the vertex is 854.08
therefore
The maximum amount of profit the company can make is $854.08
