Khaliq produces and sells toy cars. The material for each car costs him $4. He has been selling them for $8 each and averaging sales of 40 per week. He has been told by Kiarash that he could charge more but has found that for each $0.50 increase in price, he would lose 4 sales each week. How much should Khaliq charge per car in order to have the greatest profit? What is the greatest

profit?

Question

Mathematics

Frederick

23 April, 05:18

Khaliq produces and sells toy cars. The material for each car costs him $4. He has been selling them for $8 each and averaging sales of 40 per week. He has been told by Kiarash that he could charge more but has found that for each $0.50 increase in price, he would lose 4 sales each week. How much should Khaliq charge per car in order to have the greatest profit? What is the greatest

profit?

+3

Answers (1)

Know the Answer?

Talan Durham · Answer 1

He should charge 8.50 for each car for a profit of 162 dollars.

Step-by-step explanation:

Plot y = (x - 4) (40 - 8 (x - 8)) on a graphing calculator such as desmos