Question

A company sells widgets. The amount of profit, y, made by the company, is related to the selling price of each widget, x, by the given equation. Using this equation, find out what price the widgets should be sold for, to the nearest cent, for the company to make the maximum profit.

y=-x^2+73x-520
y=−x
2
+73x−520

Answer 1

36.5

Explanation:

y= -x²+73x-520

which can be represented as ax²+bx+c

a= -1, b= 73, c = -520

for maximum value of y,

the formula is

c - (b² / 4a)

= -520 - (73² / 4×(-1))

= -520 - (5329 / -4)

= -520 + 1332.25

= 812.25

Solving for x,

812.25 = -x²+73x-520

or, x²-73x+ 1332.25 = 0

Solving,

x= 36.5