Question

Khaliq produces and sells toy cars. The material for each car costs him $4. He has been selling them for $8 each and averaging sales of 40 per week. He has been told by Kiarash that he could charge more but has found that for each $0.50 increase in price, he would lose 4 sales each week. How much should Khaliq charge per car in order to have the greatest profit? What is the greatest

profit?

Answer 1

He should charge 8.50 for each car for a profit of 162 dollars.

Explanation:

Plot y = (x - 4)(40 - 8(x - 8)) on a graphing calculator such as desmos