The Sell-Rite Corporation sells men's ties.The ties are priced at $26 each and they have been selling an average of111 per week.A consultant has determined that for each dollar the company reduces the price of ties, an additional13 ties would be sold.1.Write an expression in terms of x for the following:a.he cost of ties afster its price is reduced by $x.b.the # of ties sold per week after the price id reduced by $x. c.he sales revenue per week after reducing the price by $x.2.What price reduction, to the nearest cent, will maximize the sales revenue on ties?3.At this price reduction, find the new selling price and the average number of ties Sell-Rite can expect to sell per week.4.Sell-Rite spends$11.50to purchase each tie. They will consider only price changes that result in net profit (they will not sell ties for less than it costs to make them).Under these conditions,find the domain and range of the revenue function.How would this change if Sell-Rite could produce the ties for $9.75
2007-10-13
04:33:30
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2 answers
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asked by
Thanh Thao
1
in
Science & Mathematics
➔ Mathematics