Answer:
$7,200
Step-by-step explanation:
r=p × n
where
r=revenue
p = price per item
n = number of items sold
A change in price changes quantity ( number sold)
Variable x changes with price, then
Let
p+x=a dollar price increase
p-x= a dollar price decrease
n+x= an increase in quantity sold
n-x= a decrease in quantity sold
Therefore,
A $2 dollar increase in price=p+2x
2 decrease in room quantity sold= n-2x
Substituting in the above equation
r=(p+2x)*(n-2x)
P=$60
n=180
Then
r=(60+2x)*(180-2x)
r=10,800-120x+360x-4x^2
r=-4x^2-240x+10,800
Solve the quadratic equation
The maximum value of x in the vertex = - b/2*a
Where
b=240
a=-4
Value of x=-240/2*(-4)
X=30
r=-4x^2-240x+10,800
=-4(30)^2-240(30)+10,800
=-4(900)-7200+10,800
=3,600-7200+10800
=$7,200
The rate that maximises revenue=$7,200
Answer: 1820
Step-by-step explanation:
The first can be selected in 16 ways, the second in 15 ways, the third in 14 ways and the last in 13 ways
i.e. 16 x 15 x 14 x 13 => 43680
However, the order of the candidates does not matter and they can be selected in 4 x 3 x 2 x 1 => 24 ways
so, 43680/24 => 1820
Answer:
D
Step-by-step explanation:
Answer:
7x/12
Step-by-step explanation:
Let her entire allowance be represented by 'x'
She spent 5/8 of 2/3 of her allowance on magazines.
= 5/8×2/3
= 10/24
= 5/12
That 5/12 of 'x'
5/12x
Since her total allowance is x
She will be left with = x - 5/12x
x/1 - 5/12x
12x-5x/12x
= 7x/12
Hence she will be left with 7x/12