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What price should he charge in order to maximize profit

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Reference no: EM132076865

The owner of a novelty store can obtain joy buzzers from the manufacturer for 30 cents apiece. He estimates he can sell 40 buzzers when he charges $1.40 apiece for them and that he will be able to sell 8 more buzzers for every 8 cent decrease in price. What price should he charge in order to maximize profit?

Reference no: EM132076865

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