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October 20, 2014

Homework Help: math

Posted by Julie on Thursday, November 22, 2012 at 2:52pm.

Phillip, the proprietor of a vineyard, estimates that the first 9600 bottles of wine produced this season will fetch a profit of $5 per bottle. However, the profit from each bottle beyond 9600 drops by $0.0002 for each additional bottle sold. Assuming at least 9600 bottles of wine are produced and sold, what is the maximum profit? (Round your answer correct to the nearest cent.)
$ ?

What would be the profit/bottle in this case? (Round the number of bottles down to the nearest whole bottle. Round your answer correct to the nearest cent.)
$ ?

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