Posted by john on Tuesday, March 15, 2011 at 2:52am.
When priced at 300 pesos each, a toy has an annual sales of 4000 units. The manufacturer estimates that each 10 pesos increase per unit will decrease the sales by 100 units. Find the unit price that will maximize the total revenue.

algebra  bobpursley, Tuesday, March 15, 2011 at 9:29am
sales=4000100((p300)/10 where p is the price.
sales=400010p+3000
revenue=sales*p= p(700010p) so revenue has zeroes at p=0 and p=700, so a max occurs at p=350
check all my math, I did it in my head.
Answer This Question
Related Questions
 finance  FF has an annual credit sales of $250,000 units with an average ...
 Finance  What is the projects initial outlay? Should the project be accepted ...
 accounting  Anthony Company uses a perpetual inventory system. It entered into ...
 Accounting  Currently, the unit selling price of a product is $110, the unit ...
 accounting  A company that uses perpetual inventory system made the following ...
 cebu roosvelt memorial colleges  Hannah, a sales agent receives a commission of...
 accounting  A company that uses perpetual inventory system made the following ...
 finance  The capital structure of William Corporation limited consists of an ...
 Finance  ER Medical Supplies had sales of 2,000 units at $160 per unit last ...
 Calculus  A manufacturer of a certain brand of appliance estimates that he can ...
More Related Questions