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A sporting goods store sells 90 ski jackets at 275 dollars each. Each 15 dollar increase in price results in 5 more jackets being sold. What is the lowest price that would result in revenues of at least $19600?
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So i got the equation of (90+5x)(275-15x)=19600 and expanded
I then got -75x^2+25x+5150=0
I factored out a 25 and divided both sides by it
and got -3x^2+x+206
I plugged that into the quadratic formula and got 132.24 jackets and 148.15 dollars..? What?
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The book's answer is 155 dollars and 130 jackets, where did i go wrong?
@shamil98
anybody?
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Attached is a two solution document prepared with Mathematica 8 Home Edition.
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