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What price should the store charge to maximize its profit

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Reference no: EM132076955

Suppose that a when a cell phone store charges $20 it sells 27 units. When it drops the price to $19 it sells 28 units. Assume that demand is a linear function of price. If each phone charger costs $1 to make, what price should the store charge to maximize its profit?

If x is the number of times the price is reduced by one dollar. Find a function for total profit with respect to x. A negative value for x will mean the price is increased. 

f(x)=?

Price to maximize profit=?

Reference no: EM132076955

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