Mathematics, 18.03.2021 01:30 julianbeaver76
An automobile dealer can sell 12 cars per day at a price of $17,000. He estimates that for each $300 price reduction he can
sell two more cars per day. If each car costs him $14,000, and fixed costs are $1000, what price should he charge to
maximize his profit? [Hint: Let x = the number of $300 price reductions.]
How many cars will he sell at this price?
Answers: 2
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An automobile dealer can sell 12 cars per day at a price of $17,000. He estimates that for each $300...
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