A store uses the expression -2p+ 50 to model the number of backpacks it sells per day, where the price, p, can be anywhere from $9 to $15. Which price gives the store the maximum amount of revenue, and what is the maximum revenue? (Revenue =
price x number of backpacks.)
$9.00 per backpack gives the maximum revenue; the maximum revenue is $32.00.
$12.00 per backpack gives the maximum revenue; the maximum revenue is $312.00.
$12.50 per backpack gives the maximum revenue; the maximum revenue is $312.50.
$15.00 per backpack gives the maximum revenue; the maximum revenue is $20.00.