A local ice cream shop sold a scoop for $2 the first year they opened and had 1000 customers each day. The price for ice cream increases by 10 cents each year because times are tough. However, 10 fewer people buy ice cream each year. Create a revenue equation. What price should they sell the ice cream to maximize the daily profit?

The answer is $6, but I want an explanation as to why

Question

04-12-2022
Mathematics

Answered

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A local ice cream shop sold a scoop for $2 the first year they opened and had 1000 customers each day. The price for ice cream increases by 10 cents each year because times are tough. However, 10 fewer people buy ice cream each year. Create a revenue equation. What price should they sell the ice cream to maximize the daily profit?

The answer is $6, but I want an explanation as to why

Sagot :

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