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Mathematics 3 Online
OpenStudy (anonymous):

Suppose that a when a cell phone store charges 16$ for a car charger, it sells 92 units. When it drops the price to 15$ it sells 96 units. Assume that demand is a linear function of price. If each phone charger costs 1$ to make, what price should the store charge to maximize its profit? If x is the number of times the price is reduced by one dollar. Find a function for total profit with respect to x. A negative value for x will mean the price is increased. f(x)= -4x^2-32x+1380 Price to maximize profit = ??

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