Mathematics, 30.10.2020 07:50, yogibear5806
The marketing department of a local shoe company found that approximately 550 pairs of running shoes are sold monthly when the price of each pair is $100. It was also observed that, for each $1 reduction in price, an additional 20 pairs of running shoes are sold monthly. What price should the shoe store charge for a pair of running shoes in order to maximize revenue?
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