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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?

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  1. 23 April, 05:39
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    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
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