Question

An online shopping club has 12,500 members when it charges $8 per month for membership. For each $1 monthly increase in membership fee, the club loses approximately 500 of its existing members

Answer 1

Revenue = Members * (Cost Per Member)

R = (12.500 *8) =

R= 100.000

R = (12.500 - 500) ( 8 + 1)=

R=12000*9=

R=108.000

Explanation:

Revenue = Members * (Cost Per Member)

R = (12.500 *8) =

R= 100.000

R = (12.500 - 500) ( 8 + 1)=

R=12000*9=

R=108.000

Where x represents the number of $1 increases

Where x represents the number of $1 increases