anonymous
  • anonymous
A store sells portable MP3 players for $100 each and, at this price, sells 120 MP3 players every month. The owner of the store wishes to increase his profit, and he estimates that, for every $2 increase in the price of MP3 players, one less MP3 player will be sold each month. If each MP3 player costs the store $70, at what price should the store sell the MP3 players to maximize profit?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
Profit = Revenue - Cost!
anonymous
  • anonymous
Its an optimization question...
anonymous
  • anonymous
It's very much business math!

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