Posted by **shannon** on Friday, November 30, 2012 at 11:19am.

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.)

$ ?

- math -
**Kasie**, Friday, November 30, 2012 at 11:37am
well it'll be about 25 bottles sold before the profit changes; 5.00 will become approximately 4.99 after 25 bottles sold (0.005 rounds off to 0.01). after the first 25, the profit won't change to 4.98 until 50 bottles are sold. (0.015 will round off to 0.02) the 50 bottles per cycle will continue through out the process;

25 bottles sold = $125 profit ($5*25)

75 bottles sold = $125 + $249.5 ($4.99*50)

125 bottles sold = $374.5 + ($4.98*50)

continue this process and you will find the answer once you reach 9600 bottles.

- math -
**Kasie**, Friday, November 30, 2012 at 11:38am
For the second part; take the answer from the first question and divide it by 9600.

## Answer this Question

## Related Questions

- math - Phillip, the proprietor of a vineyard, estimates that the first 9600 ...
- math - Phillip, the proprietor of a vineyard, estimates that the first 9600 ...
- math - Phillip, the proprietor of a vineyard, estimates that the first 9600 ...
- math - Phillip, the proprietor of a vineyard, estimates that the first 9600 ...
- math - Phillip, the proprietor of a vineyard, estimates that the first 9600 ...
- economics - Assume that a bottle of wine sells for $10. The government decides ...
- Math - 1. The manager of a bottle shop makes 25% profit on the cost price of all...
- Math - You own a small winery that produces two types of Chardonnay, an extra ...
- math - A prescription calls for the 4% Pilocar with a Sig. of "gtt i OU tid". ...
- Microeconomics - Cournot - X is a monopolist of a soda source that costlessly ...