Question

A grocer sells 50 loaves of bread each day. The current price is $0.65 per loaf. The grocer estimates that for each $0.05 price increase,
she will sell two fewer loaves. At what price should she sell each loaf of bread to maximize her profit?

Answer 1

If she is selling 50 loaves of bread each day for $0.65 per loaf, that is $32.50 a day.
If it goes up $0.05 then she would make $35 a day but she would sell 2 fewer so then she would make $33.60. Every $0.05 cents added, 2 fewer loaves will be sold. to get the maximum profit, the price would be at
0.95 cents per loaf because 0.95 x 38 =36.1

0.95 CENTS PER LOAF