Huang Munoz
06/04/2024 · Elementary School

A deli sells 480 sandwiches per day at a price of \( \$ 6 \) each. Assume that the deli does not want to increase the price. (A) A market survey shows that for every \( \$ 0.10 \) reduction in the price, 40 more sandwiches will be sold. How much should the deli charge in order to maximize revenue? The deli should charge \( \$ 3.60 \) for a sandwich to maximize revenue. (Round to the nearest cent as needed.) (B) A different market survey shows that for every \( \$ 0.20 \) reduction in the original \( \$ 6 \) price, 10 more sandwiches will be sold. Now how much should the deli charge in order to maximize revenue? Now the deli should charge \( \$ \square \) for a sandwich to maximize revenue. (Round to the nearest cent as needed.)

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For part (A), the deli should charge $3.60. For part (B), the deli should charge $4.20.

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