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What price should be set for a cookie

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Reference no: EM133008443

Question - A coach makes cookies on the weekend to sell at a school fundraiser. Past experience shows that at price of 1.00 per cookie, 200 cookies will be sold. It is also known that for every 0.36 increase in the price of a cookie, 3 less cookies will be sold. What price should be set for a cookie so that the revenue from cookie sales will be maximized?

Reference no: EM133008443

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