The school-gear shop sells backpacks for $30. They sell 100 backpacks each year. They would like to raise the price of the
backpack, but they realize that for each $1 increase, 2 fewer
backpacks will be sold each year.
Which statement(s) is/are true about the revenue from sales of the
backpack. Select all that apply
A) To maximize revenue the backpack should be sold for $10.
B) To maximize revenue the backpack should be sold for $40.
C) To maximize revenue, the price of the backpack should increase
by $10.
D) The yearly revenue increases $200 with an increase of $10.
20