a bakery sells 50 loaves a day of a particular breat at $1.50 a loaf. Research indicates that, for every 10 cent increase in the price, two fewer loaves would be sold. An equation for the daily revenue is R = -0.2xsquared + 2x + 75, where x represents the number of 10 cent increases.
a) use this equation to find out the number of $10.00 increases that will result in a daily revenue of $80.00
b) what is the new price of a loaf of bread?
c) what price for a loaf of bread would give a daily income of at least $79.20 ??
a) use this equation to find out the number of $10.00 increases that will result in a daily revenue of $80.00
b) what is the new price of a loaf of bread?
c) what price for a loaf of bread would give a daily income of at least $79.20 ??