Kelly S.

asked • 01/20/14

Word problem help plz!

This is purely for me wanting to learn more math, this is not an assignment or test Q, I just want to improve my word problem ability, please help :(
 
A company currently sells 600 units of the product at a price of $20,000. Each unit costs $12,000 to produce. Based on its market research, it estimates that a 5% decrease in price will increase demand by 10%. What if the increase in demand is 15%?

1 Expert Answer

By:

Steve S. answered • 01/21/14

Tutor
5 (3)

Tutoring in Precalculus, Trig, and Differential Calculus

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