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April 20, 2014

Homework Help: Calculus

Posted by Adeola on Saturday, June 19, 2010 at 9:14pm.

A travel agency currently has 80plp signed up a tour. The price of a ticket is $5000 per person. The agency has chatered a plane seating 150 plp at a cost of $250000. Additional costs to the agency are incidental fees of $300 per person. For each $30 that the price is loverwd, one new perosn will sign up. How much should the price per person be lowered to maximise the profit fo the agency?

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