A shirt was reduced in price by 20% during a sale. If the shirt was bought
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Answer:
8 thousand dollars
Step-by-step explanation:
The company's annual profit (in thousands of dollars) as a function of the price of a bracelet (in dollars) is modeled by: P(x)=-2x^2+16x-24
To find maximum profit , we need to find out the vertex
x coordinate of vertex formula is -b/2a
a=-2 and b = 16
Now we plug in 4 for x and find out P(4)
= 8
So the maximum profit the company can earn is 8 thousand dollars when price = $4