Mathematics, 16.04.2020 21:20, srtero

When a wholesaler sold Tillitoys® at $25.00 per toy, sales were 800 units per week. After a price increase of $5.00 per unit, the average number of units sold dropped to 775 per week. The cost to produce one Tillitoy® is $3.00. Assuming that the demand function is linear, find the price and the number of toys sold that will maximize the total profit.

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When a wholesaler sold Tillitoys® at $25.00 per toy, sales were 800 units per week. After a price in...