Question

Max and Maddy charge people to park on their lawn while attending a nearby craft fair. At the current price of $10, seven people park on their lawn. If they raise the price to $15, they know that only five people will want to park on their lawn. Whether they have seven or five cars parked on their lawn does not affect their costs. From this information it follows that

Answer 1

They will make more money if they raise the price to $15.

Explanation:

• If they charge 10 dollars, 7 people will park on their lawn and they will make 10 x 7 = 70 dollars.

• If they charge 15 dollars, 5 people will park on their lawn and they will make 15 x 5 = 75 dollars

Since this doesn't affect their costs, we can conclude that they will make more money raising the price to $15.