Stephxox

09-28-2008, 03:09 PM

I`m stuck on a math question! Help please!

here it is:

A large dealership has been selling new cars at $6000 over the factory price. Salse have been averaging 80 cars per month. Because of inflation, the $6000 markup is going to be increased. The marketing manager has determined that, for ever $100 increase, there will be 1 less car sold each month. What should the markup be in order to maximize the revenue.

This is what I have:

MaxR= (100-1)(80+x)

Would this be the correct equation. I`m pretty sure I know how to do the question, I`m just wondering if, in fact, that is even remotly close to the right equation I should use.

here it is:

A large dealership has been selling new cars at $6000 over the factory price. Salse have been averaging 80 cars per month. Because of inflation, the $6000 markup is going to be increased. The marketing manager has determined that, for ever $100 increase, there will be 1 less car sold each month. What should the markup be in order to maximize the revenue.

This is what I have:

MaxR= (100-1)(80+x)

Would this be the correct equation. I`m pretty sure I know how to do the question, I`m just wondering if, in fact, that is even remotly close to the right equation I should use.