This math topic focuses on applying quadratic equations to optimize revenue in scenarios where the price change affects the number of sales. Different real-world situations, such as ticket sales at a movie theater and lemonade stands, are used to demonstrate how to maximize revenue based on initial sales, price per unit, and the decrease in quantity sold per price increase. The problems require finding optimal price points that would maximize total revenue when variables such as initial quantity and price change are adjusted. Each problem presents a typical business scenario in a practical application of quadratic functions for optimization.
Work on practice problems directly here, or download the printable pdf worksheet to practice offline.
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