I = p * r * t
264 = p * .06 * 2
264 = .12p
Divide both sides by .12
p = $2200
Let 0.25x is the price increase. Therefore, the number of attendees will be 350-10x and the revenue R=(350-10x)*(5+0.25x)=1750+37.5x-2.5x^2. This parabola has maximum at x=10, meaning the price=7.5
A
Explanation: You want to get x by itself. So add +7 to -7 to cancel it out, do the same thing to 4.
x-7=4
+7+7
x=11
x
Answer:
2.26666666667 is the answer
