Felix’s feed mill sells chicken feed for $8. 00 per bag. This price is no longer high enough to create a profit. Felix decides to raise the price. He is considering four different plans. Plan a: raise the price by $0. 10 each week until the price reaches $12. 0. Plan b: raise the price by 10 percent each week until the price reaches $12. 0. Plan c: raise the price by the same amount each week for 8 weeks, so that in the eighth week the price is $12. 0. Plan d: raise the price by $0. 25 each week until the price reaches $12. 0. Which plan will result in the price of the feed reaching $12. 00 fastest?.
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