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15 September, 21:42

a boutique handmade umbrella factory currently sells 22500 umbrellas per year at a cost of 9 dollars each. in the previous year when they raised the price to 16 dollars, they only sold 12000 umbrellas that year. assuming the amount of umbrellas sold is in a linear relationship with the cost, what is the maximum revenue?

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  1. 15 September, 21:52
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    The maximum revenue of the two years is $ 394,500.

    Step-by-step explanation:

    Given as:

    The current number of selling of umbrellas = 22500

    The price of each umbrellas = $ 9

    So, The Total price of 22500 umbrellas at $ 9 per umbrellas = $ 9 * 22500

    I. e The Total price of 22500 umbrellas at $ 9 per umbrellas = $ 202,500

    Again,

    The total number of umbrellas sold previous year = 12000

    The price of umbrellas = $ 16

    So, The Total price of 12000 umbrellas at $ 16 per umbrellas = $ 16 * 12000

    I. e The Total price of 12000 umbrellas at $ 16 per umbrellas = $ 192,000

    So, The maximum revenue of the two years = $ 202,500 + $ 192,000

    I. e The maximum revenue of the two years = $ 394,500

    Hence The maximum revenue of the two years is $ 394,500. Answer
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