A greenhouse owner has 600 hostas available for sale. If he charges $4.00 for each plant, he will sell 300. For each $0.50 reduction in price, he will sell 100 more plants. What selling price maximizes the farmer's revenue?
A greenhouse owner has 600 hostas available for sale. If he charges $4.00 for each plant, he will sell 300. For each $0.50 reduction in price, he will sell 100 more plants. What selling price maximizes the farmer's revenue?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.CR: Chapter Review
Problem 87E
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Transcribed Image Text:A greenhouse owner has 600 hostas available
for sale. If he charges $4.00 for each plant, he
will sell 300. For each $0.50 reduction in price,
he will sell 100 more plants. What selling price
maximizes the farmer's revenue?
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