This looks peculiar, as your sales are when the selling price is $10.Originally Posted by bobby77
RonL
Lets assume that the sales should be:Originally Posted by bobby77
The profit per sale is:
so the total profit is:
Now the usual way to find the maximum total profit is to differentiate wrt
the price and then set the result to zero. Then solve for the price which
maximises the profit. Which is what you have to do here.
You should normaly check that the solution/s is/are maxima or minima just
to be sure.
RonL