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The price that will maximize profit is $ 5.50.
Since an auditorium has seats for 1200 people, and for the past several days, the auditorium has been filled to capacity for each show, and tickets currently cost $ 5.00 and the owner wants to increase the ticket prices, and he estimates that for each $ 0.50 increase in price, 100 fewer people will attend, to determine which is the price that will maximize profit, the following calculation must be made:
- 1200 x 5 = 6000
- 1100 x 5.5 = 6050
- 1000 x 6 = 6000
Therefore, the price that will maximize profit is $ 5.50.
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Answer:
500
Step-by-step explanation:
Answer:
with what may I help you with
Step-by-step explanation:
Answer:
The answer is 2.67
Step-by-step explanation:
AB = 3
BD = 2
AC = 4
BD and DE are parallel, AB/BD= AC/CE
3/2 = 4/CE
CE= 4*2/3
CE=8/3
Lastly, if you put it into decimal form, it is 2.67
