Mathematics, 10.08.2021 03:10 jfy3341
A car wash reduced the price of a basic wash as a promotion and test of the market. With the price at $8 the average monthly sales has been 29000. When the price dropped to $6, the average monthly sales rose to 35000. Assume that monthly sales is linearly related to the price.
Required:
What car wash price would maximize revenue?
Answers: 1
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A car wash reduced the price of a basic wash as a promotion and test of the market. With the price a...
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